Need economics help with Question 9 and the elasticity of supply

label Economics
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Dec 18th, 2015

Thank you for the opportunity to help you with your question!

Thank you for the opportunity to help you with your question!

Elasticity of supply = % change in qty supplied/% change in price

=( change in qty supplied/Original qty  ) / (Change in price /Price)

= (4/48) / (2/9)

= 9/24

= 0.40 B

Please let me know if you need any clarification. I'm always happy to answer your questions.Please let me know if you need any clarification. I'm always happy to answer your questions.
Dec 18th, 2015

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