question archive Suppose when the price of tulips is $4
Suppose when the price of tulips is $4
Subject:EconomicsPrice:2.88 Bought3
Suppose when the price of tulips is $4.58 per bunch, the quantity supplied is 53 bunches. If the price changes to $8.27 per bunch, the quantity supplied is 124 bunches. Calculate the elasticity of supply.
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