Billy supplies chocolate frogs, and currently supplies at the market equilibrium selling 50 frogs per day for $3.15. At this supply point, Billy has the additional chocolate and machinery to quickly respond to price changes, with an elasticity of 3.52. Recently, 'Frog News,' wrote an article about this delicious treat, spiking a 45% increase in the quantity that Billy supplies. What is the new market price for chocolate frogs? $3.45 $3.35 $3.65 $3.55 Skip Submit