Explain how elasticity supply impacts a product you buy
Problem
Explain how elasticity supply impacts a product you buy on a regular basis. Include how one factor of supply elasticity could change the elasticity of demand for this product.
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Simulate this model for 50 trials and a production quantity of 140 . What is the average profit?
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Explain how elasticity supply impacts a product you buy on a regular basis. Include how one factor of supply elasticity could change the elasticity of demand.
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