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Week 2 Discussion 1 1 unread reply. 9 9 replies. After reading the article below entitled Chicken Little is an Increasingly Rare Bird, please answer
Week 2 Discussion 1 1 unread reply. 9 9 replies. After reading the article below entitled "Chicken Little is an Increasingly Rare Bird, please answer the following: Please make sure to address the questions I have listed below: Why might fast-food restaurants that sell bone-in chicken products prefer small chickens over large chickens? Explain how an increase in demand for small chickens affects the equilibrium price and quantity of small chickens. Would you expect the price elasticity of supply for small chickens to be relatively elastic or relatively inelastic? Explain your response. I have included resources below on elastic, inelastic and equilibrium to help with addressing these questions. I strongly recommend reviewing these resources before addressing the questions asked. As a reminder, resources should be used to support your responses such as your textbook or outside articles. Please do not use Wikipedia as it is not considered a credible resource. Please, post your replies in this week's discussion board
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