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The price elasticity of supply is (+1.4) for domestic farmers. Farmers in the neighbouring country will always supply the same quantity independent of price, and

The price elasticity of supply is (+1.4) for domestic farmers. Farmers in the neighbouring country will always supply the same quantity independent of price, and this quantity is 5% of the market before the ban. The price elasticity of demand is (0.6). Estimate numerically by how much the price and quantity of eggs changes, following the ban of egg imports.

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