Price elasticity of supply

Question-

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?

Posted Date: 3/18/2014 9:48:39 PM | Location : United Kingdom(UK)

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