Business, 21.05.2021 17:00 cocomojoe5141
At a price of $1.00, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.20, the coffee shop would be willing to supply 150 cinnamon rolls per day. Using the midpoint method, the price elasticity of supply is about:.
a. 2.20
b. 0.90
c. 1.11
d. 0.45
Answers: 1
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At a price of $1.00, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price...
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