Using the midpoint formula calculate the elasticity of supply for pancakes?.
Consider two markets. The initial equilibrium for both markets is the same P=$1.50 and Q=21.0. Wh Show more Consider two markets. The initial equilibrium for both markets is the same P=$1.50 and Q=21.0. When the price is $7.75 the quantity supplied of motorcycles is 55.0 and the quantity supplied of pancakes is 109.00. The demand for both goods is the same (for simplicity of analysis). Use this information to answer the questions below: Using the midpoint formula calculate the elasticity of supply for pancakes? Please round to two decimal places. Supply in the market for motorcycles is: Show less
Using the midpoint formula calculate the elasticity of supply for pancakes?
