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ANNOUNCEMENTS:Guest speaker on Tuesday. The HW due date was moved to Thursday of next week. ERRATA:None NOTES BEGIN:
I. PRICE ELASTICITY OF SUPPLY A. The concept of price elasticity of supply is the same as the price elasticity of demand. B. The price elasticity of supply measures the change in quantity supplied of a good when the price changes C. Use the midpoint formula to find the price elasticity. D. Determining the Elasticity
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