question archive What is the formula for measuring the price elasticity of supply? Suppose the price of apples goes up from $20 to $22 a box
What is the formula for measuring the price elasticity of supply? Suppose the price of apples goes up from $20 to $22 a box
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What is the formula for measuring the price elasticity of supply?
Suppose the price of apples goes up from $20 to $22 a box. In direct response, Goldsboro Farms supplies 1200 boxes of apples instead of 1000 boxes.
Calculate the coefficient of price elasticity (arc approach) for Goldsboro's supply. Is its supply elastic. or is it inelastic?
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