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Supply curve for max munchies

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Reference no: EM13853176

The supply curve for Max's Munchies is shown below.

A) What is the price elasticity of supply between $9 and $10? Please type the formula & calculations in your answer.

B) Is this price elasticity relatively elastic or inelastic?  Explain.  

C) What would happen to this supply curve if Max finds it difficult to find workers to make his product? Illustrate this on a graph.

1867_supply curve for Max’s Munchies.jpg

Reference no: EM13853176

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