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laiz [17]
4 years ago
13

A bakery would be willing to supply 500 bagels per day at a price of $0.50 each. At a price of $0.80, the bakery would be willin

g to supply 1,100 bagels. Using the midpoint method, the price elasticity of supply for bagels is about.
Business
1 answer:
son4ous [18]4 years ago
6 0

Answer:

1.63

Explanation:

The computation of the pricing elasticity of supply using the midpoint method is shown below:

= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity supplied would be

= Q2 - Q1

= 1,100 - 500

= 600

And, the average of quantity supplied is

= (1,100 + 500) ÷ 2

= 800

Change in price would be

= P2 - P1

= $0.80 - $0.50

= $0.30

And, average of price would be

= ($0.80 + $0.50) ÷ 2

= 0.65

So, after solving this, the price elasticity of supply is 1.63

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Answer:

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8 0
3 years ago
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zlopas [31]

Answer:

overstated

Explanation:

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8 0
3 years ago
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Fantom [35]

Answer:

A

Explanation:

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Examples of economic risks are Recession and inflation

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4 years ago
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Marina CMI [18]
System revolving around the production, distribution, and consumption of goods and services. 

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7 0
3 years ago
Read 2 more answers
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