Business, 13.02.2020 21:00 dmaxbexkham

Suppose the price of apples goes up from $20 to $22 a box. In direct response, Goldsboro Farms supplies 1,200 boxes of apples instead of 1,000 boxes. Compute the coefficient of price elasticity for Goldsboro’s supply. Es = Is its supply elastic, or is it inelastic? Supply is:.
A. Elastic
B. inelastic.

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Suppose the price of apples goes up from $20 to $22 a box. In direct response, Goldsboro Farms suppl...