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Cody is the sole proprietor of his photography business. He specializes in family beach portraits. In the summer vacation season, Cody sells 35 portrait packages
Cody is the sole proprietor of his photography business. He specializes in family beach portraits. In the summer vacation season, Cody sells 35 portrait packages per week at $400 per package. In the winter off-season, Cody sells 7 portrait packages per week at $175 per package. Calculate Cody's price elasticity of supply of beach portraits using the midpoint formula
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
