Answer:
2.5
Explanation:
P1=$200
P2=$300
S1=100000
S2=300000
The percentage change in price is:
The percentage change in supply is:
The price elasticity of supply is given by:
The price elasticity of supply is 2.5.
On June 16, 1995, the DJIA closed at $4,510.79. Assume the index lost 135 points on the next trading day. Compare that to a 500-
1 answer:
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