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The price elasticity of supply for apples is 1.2, the price of apples is $4 per pound, and the quantity supplied is 200 million pounds
The price elasticity of supply for apples is 1.2, the price of apples is $4 per pound, and the quantity supplied is 200 million pounds per year.
If the price of apples increase to $5, what will be the new quantity supplied? (input in million pounds)
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