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The Geoffrey Company produces chicken feed. When the feed has a price of $4 per unit, it produces 20,000 units; when the price rises to
The Geoffrey Company produces chicken feed. When the feed has a price of $4 per unit, it produces 20,000 units; when the price rises to $6 per unit, it produces 25,000 units. Calculate price elasticity of supply for the chicken feed, using the technique in the PowerPoints. You will interpret your answer in the next question. Enter only numbers, a decimal point, and/or a negative sign as needed. Round your answer to two decimal places as necessary; if you round on intermediate steps, use four places
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