Business, 10.10.2019 18:00 BreBreDoeCCx

A. what is the formula for measuring the price elasticity of supply? percentage change in quantity supplied/percentage change in price percentage change in quantity demanded/percentage change in income percentage change in quantity demanded/percentage change in price .

b. suppose the price of apples goes up from $20 to $24 a box. in direct response, goldsboro farms supplies 1,400 boxes of apples instead of 1,200 boxes. compute the coefficient of price elasticity (midpoints approach) for goldsboro's supply. instructions: round your answer to 2 decimal places. price elasticity = .

c. is its supply elastic, or is it inelastic? .

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