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(Advanced Analysis) Currently, at a price of $1.00 each, 200 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity

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(Advanced Analysis) Currently, at a price of $1.00 each, 200 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1.00 to $2.00 is unit elastic (Es = 1). In the long run, a price increase from $1.00 to $2.00 has an elasticity of supply of 1.5. (Hint: Apply the midpoints approach to the elasticity of supply.) a. How many popsicles will be sold each day in the short run if the price rises to $2.00 each? Instructions: Enter only a whole number for your answer. per day b. How many popsicles will be sold per day in the long run if the price rises to $2.00 each? Instructions: Enter only a whole number for your answer. per day

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