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?

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