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problem about price elasticity of supply

Food stamps programs serve only to drive food prices higher, not increase the quantity of food available to the poor.� What would the elasticity of supply have to be for this statement to be true? What would the elasticity of supply have to be for a food stamp program to increase the availability of food to the poor with no prices increase?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M925586

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