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3. The equation for a supply curve is P=Q/4+1. What is the elasticity of supply as price rises
from 4 to 5 ? (2 points) What is the elasticity of supply as the price rises from 8 to 9 ? (1 point)

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  • 1. 3. The equation for a supply curve is P=Q/4+1. What is the elasticity of supply as price rises from 4 to 5 ? (2 points) What is the elasticity of supply as the price rises from 8 to 9 ? (1 point)