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.

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