Business, 27.03.2020 19:25 Princess14321
A manufacturer produces 400 units when the market price is $10 per unit and produces 600 units when the market price is $12 per unit. Using the midpoint method, for this range of prices, the price elasticity of supply is about:
A. 0.45.
B. 2.0.
C. 2.2.
D. 200.
Answers: 3
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A manufacturer produces 400 units when the market price is $10 per unit and produces 600 units when...
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