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    Principles of Economics Study Set 12
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    Exam 4: Subtleties of the Supply and Demand Model
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    Explain Why Economists Care About the Price Elasticity of Supply
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Explain Why Economists Care About the Price Elasticity of Supply

Question 9

Question 9

Essay

Explain why economists care about the price elasticity of supply. What does it tell us?

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The price elasticity of supply tells us ...

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