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KIC000077 - Imam-tor kolthoom alkofahi 1 Student:—(Dnte...

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Unformatted text preview: Imam-tor: kolthoom alkofahi 1 Student:— (Dnte: 10"‘211‘09 fTimo: 12:24 PM i i Cause: Eco 2301-05 Book: I'Iubbard-‘O'Brien: Microeconomics 22 Assignment: ‘ IEuF-IClh-fii-ZV Suppose that the price ot’a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to i0,000 units. Use the midpoint formula to calculate the price elasticity of supply. A l B 0.82 it"s 1.22 120. 0.07 PanclA S E Quantity Refer to the diagrams above. A perfectly elastic supply curve is shown in l: PanelA. 2V: PanclB. Panel C. Panel D. Price Panel 3 Quantity Page 9 Price Panel C Quanti r_\' Price Panel D Quantity _________._m -__-..-- ___- _____ . _ _-_ __ _ __J' ...
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