The price elasticity of supply by the inital value method
The quantity supplied of computers is 50 at a unit price of $100. Suppose the price elasticity of supply by the inital value method is 2.0, and you would like to induce sellers to increase the quantity of computers to 80. The new price must be??
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The quantity supplied of computers is 50 at a unit price of $100. Suppose the price elasticity of supply by the inital value method is 2.0, and you would like to induce sellers to increase the quantity of computers to 80.
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