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Title: Suppose an increase in world demand for potash (used in the production of fertilizer) increases the ...
Post by: freezo1994 on Sep 26, 2022
Suppose an increase in world demand for potash (used in the production of fertilizer) increases the price from $285 per tonne to $315 per tonne. Annual Canadian production increases from 15 million tonnes to 17 million tonnes. What is the elasticity of supply of Canadian potash?

▸ 1.0

▸ 0.8

▸ 2.5

▸ 0.5

▸ 1.25


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