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Title: Suppose an increase in world demand for potash (used in the production of fertilizer) increases the ...
Post by: tw1gg on Sep 26, 2022
Suppose an increase in world demand for potash (used in the production of fertilizer) increases the price by 22 percent. Annual Canadian production increases by 33 percent. What is the elasticity of supply of Canadian potash?

▸ 1.0

▸ 0.33

▸ 0.22

▸ 1.5

▸ 0.67


Title: Suppose an increase in world demand for potash (used in the production of fertilizer) increases the ...
Post by: parrothead on Sep 26, 2022
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