Calculate the price elasticity of supply- is supply elastic, Macroeconomics

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Calculate the price elasticity of supply- is supply elastic

Assume that the price of smartphones increased from $200 to $222 per unit. The manufacturer decides to supply 12,000 units instead of 10,000.

Calculate the price elasticity of supply.

Is supply elastic or inelastic?

Describe at least one factor that determines elasticity.

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Macroeconomics: Calculate the price elasticity of supply- is supply elastic

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Macroeconomics: Calculate the price elasticity of supply- is supply elastic

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