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Supply elasticity 1. Explain the determinants of price elasticity of supply. [10 marks] 2. Explain the likely value of price elasticity of supply for primary

Supply elasticity

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1. Explain the determinants of price elasticity of supply. [10 marks] 2. Explain the likely value of price elasticity of supply for primary commodities. [10 marks] Paper 1, part (b) question - HL Contrast the price elasticities of demand and supply for primary commodities with those of manufactured goods

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