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When the price of an item was raised from $12 to $18, the quantity supplied increased from 2,700 to 3,300 per month.The price elasticity of

When the price of an item was raised from $12 to $18, the quantity supplied increased from 2,700 to 3,300 per month.The price elasticity of supply is

enter your response here?

(Round to two decimal places and use the midpoint formula.)Supply is

inelastic

elastic

indeterminate

.

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