Business, 01.11.2019 16:31, FoxodyGirl7134

Afirm’s elasticity of supply is 0.5. at the original market price of $10, the quantity supplied by the firm is 500 units. the market price then rises to $11.

what will be the firm’s revenue after the price rise in price by calculating? explain your answer and show your calculation.

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Afirm’s elasticity of supply is 0.5. at the original market price of $10, the quantity supplied by t...