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Question: end of chapter 68 on most days the price of...

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End of Chapter 6.8 On most days, the price of a rose is $1, and 8,000 roses are purchased. On Valentines Day, the price of a rose jumps to $2, and 30,000 roses are purchased. Use the line drawing tool to illustrate the price and quantity increase. Label the line you drawD Carefully follow the instructions above, and only draw the required objects. Based on this information, we do not know much about the price elasticity of demand for roses because the demand び) curve was not constant. However, we do have constant supply. What is price elasticity of supply? Llenteryour response to 2 decima, places). 10 20 40 50 Quantity (thousands of roses per day)

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