Physics, 05.12.2019 07:31 weeman67161

Suppose that the supply of aged cheddar cheese is inelastic, and the supply of bread is elastic. both goods are considered to be normal goods by a majority of consumers. suppose that a large income tax increase decreases the demand for both goods by 10%. refer to scenario 5-3. the price elasticity of supply for aged cheddar cheese could be?

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Suppose that the supply of aged cheddar cheese is inelastic, and the supply of bread is elastic. bot...

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