Business, 25.03.2020 18:03 amp92904

G Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $ 5.50 , and the equilibrium quantity is 37.0 . When the price is $ 8.75 , the quantity supplied of motorcycles is 69.0 and the quantity supplied of pancakes is 105.0 . For simplicity of analysis, the demand for both goods is the same. Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.

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G Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibr...