Question
In 2006, the market price of a kilogram of vibranium was $1.11 and 97 million units were supplied. In 2010, the market price was $1.22,
In 2006, the market price of a kilogram of vibranium was $1.11 and 97 million units were supplied. In 2010, the market price was $1.22, and 108 million units were supplied. What is the estimated elasticity of supply?
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
