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Tomas Produces 100 Cartons of Free Range Eggs When the Price

question 31

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Tomas produces 100 cartons of free range eggs when the price is $5 and 150 cartons of free range eggs when the price is $7.What is the value of Tomas's price elasticity of supply?


Definitions:

Proxy

An authority to act on behalf of another person in voting at shareholder meetings or making other decisions.

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