using the supply data in the following schedule complete the table by computing the six price elasticity of supply coefficients…

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using the supply data in the following schedule complete the table by computing the six price elasticity of supply coefficients between each of the seven prices, and indicate whether supply is elastic, inelastic, or unit-elastic. price quantity elasticity character of demanded coefficient supply ————————————————– $1.00 800 .90 700 .80 600 .70 500 .60 400 .50 300 .40 200

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