PROBLEM 5 (10 points) As the price of maple syrup increased from $6,00 per pint...
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PROBLEM 5 (10 points) As the price of maple syrup increased from $6,00 per pint to $7.00 per pint, production increased from 250 pints to 300 pints. What is the own.price elasticity of supply over this range? Interpret it. Is supply elastic or inelastic over this range, and why
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