question archive At a price of $300, a cell phone company manufactures 100,000 phones
At a price of $300, a cell phone company manufactures 100,000 phones
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At a price of $300, a cell phone company manufactures 100,000 phones. At a price of $400, the company produces 300,000 phones. What is the price elasticity of supply? (Round your answer to two decimal places.)
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