the price of a dozen eggs from $3 to $2.70 in response to this price change the quantity supplied of eggs falls from 100,000 dozen eggs to 75,000 dozen eggs. what is the price elasticity of supply for eggs based on the midpoint method ? a.0.5 b.0.37 c. 2 d.2.7

the price of a dozen eggs from $3 to $2.70 in response to this price change the quantity supplied of eggs falls from 100,000 dozen eggs to 75,000 dozen eggs. what is the price elasticity of supply for eggs based on the midpoint method ? a.0.5 b.0.37 c. 2 d.2.7

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter6: Elasticities

Section: Chapter Questions

Problem 5P

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a.0.5

b.0.37

c. 2

d.2.7

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