Coefficient of price elasticity


Suppose the price of apples goes up from $20 to $25 a box. In direct response, Goldsboro Farms supplies 1400 boxes of apples instead of 1000 boxes. Compute the coefficient of price elasticity (midpoints approach) for Goldsboro's supply.

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Microeconomics: Coefficient of price elasticity
Reference No:- TGS063702

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