What is the elasticity of supply as the price rises

Reference no: EM132119611

Question: The equation for a supply curve is 4P = Q. What is the elasticity of supply as price rises from 3 to 4? What is the elasticity of supply as the price rises from 7 to 8? Would you expect these answers to be the same? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132119611

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