Question
If Pamela's Purses LLC produces 300 purses when the price of a purse is $80 and 900 purses when the price of a purse is
If Pamela's Purses LLC produces 300 purses when the price of a purse is $80 and 900 purses when the price of a purse is $120, then (using the midpoint formula) the price elasticity of purse supply, Es, is
Group of answer choices
0.9.
0.4.
2.5.
1/6 0.1667.
9.0.
1.5.
0.1.
2/3 0.667.
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Physics
Authors: James S. Walker
5th edition
978-0133498493, 9780321909107, 133498492, 0321909100, 978-0321976444
