If the price of product M increases from $80 to $100, the quantity supplied for product M will the increase from 850 to 1150 - What is the price elasticity of supply for product M? If the market price of pizza falls from $15 to $12, the quantity supplied for pizza will drop from 2000 to 1500. - What is the price elasticity of supply for pizza with respect to a) original price of pizza? b) new price of pizza? c) midpoint-price of pizza?

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