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If the Quantity of Cheese Supplied Increased by 18% When

question 24

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If the quantity of cheese supplied increased by 18% when the price increased by 12%,what is the value of the elasticity of supply?


Definitions:

Blood Lactate

A substance produced by the body during intense physical activity, serving as a marker for anaerobic metabolism and physical exertion levels.

Sympathetic Nervous System

A part of the autonomic nervous system responsible for the body's 'fight or flight' response, activating physiological changes during stress or danger.

Consciousness

The state or quality of awareness, or being aware of an external object or something within oneself.

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, affecting physical and mental health.

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