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Consider the market for corn. The following graph shows the weekly demand for corn and the weekly supply of corn. Suppose a bOne of the growers is excited by the price increase caused by the blight because she believes it will increase revenue in thiPlease highlight the answers in bold so they are clear

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の P= $15 P2 = $21 9-19 Qz二 9 Elastity= ($i+Q2) もいい 9-15 (15+9) 6 36 --|-5 24 24 21-15 36 15+2)The elastiutys 1.5 it is elastic this is because * 1.57 1. total revenue The claim is incowuct will decrease Before Brught P

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