Business, 29.02.2020 04:56, j015

At price of $1.20, a local pencil manufacturer is willing to supply 150 boxes per day. At a price of $1.40, the manufacturer is willing to supply 170 boxes per day. Using the midpoint method, the price elasticity of supply is about

A. 1.00.
B. 2.0.
C. 1.23.
D. 0.81.

Answers: 2

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At price of $1.20, a local pencil manufacturer is willing to supply 150 boxes per day. At a price of...