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Title: Suppose the current price of barley is $70 per tonne and at that price 100,0 .. Post by: PHaMRoL1952 on Jun 28, 2016 Suppose the current price of barley is $70 per tonne and at that price 100,000 tonnes are grown by a Victorian farmer. If the price of barley rises to $30 a tonne and quantity supplied increases to 130,000 tonnes, then using the mid-point method, the price of elasticity of supply for barley equals:
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