What is the price elasticity of supply of tomatoes?

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Suppose the price of tomatoes fell from ?$58 a crate to ?$22 a crate. A typical tomato farmer supplies 308 crates of tomatoes a day at ?$58 a crate but at ?$22 a crate would supply 92 crates a day. What is the price elasticity of supply of tomatoes??

Reference no: EM133630420

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