question archive Suppose that in a week the price of Greek yogurt increases from $1
Suppose that in a week the price of Greek yogurt increases from $1
Subject:EconomicsPrice:2.88 Bought3
Suppose that in a week the price of Greek yogurt increases from $1.25/lb to $1.75/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 180,000 lbs. What is the price elasticity of supply for Greek yogurt?
