What is the formula for measuring the price elasticity of, Business Economics

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What is the formula for measuring the price elasticity of

A. What is the formula for measuring the price elasticity of supply?

B. Suppose the price of apples goes up from $20 to $23 a box. In direct response, Goldsboro Farms supplies 1,300 boxes of apples instead of 1,200 boxes. Compute the coefficient of price elasticity (midpoints approach) for Goldsboro’s supply.

Price elasticity =

C. Is its supply elastic, or is it inelastic?

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