question archive Suppose the price of apples goes up from $23 to $24 a box
Suppose the price of apples goes up from $23 to $24 a box
Subject:EconomicsPrice:2.88 Bought3
Suppose the price of apples goes up from $23 to $24 a box. In direct response, Goldsboro Farms supplies 1,400 boxes of apples instead of 1,000 boxes. Compute the coefficient of price elasticity for Goldboro's supply.
