At price of $1.30 per pound, a local apple orchard is willing to supply 150 pounds of apples per day. At a price of $1.50 per pound, the orchard is willing to supply 170 pounds of apples per day. Using the midpoint method, the price elasticity of supply is about

a. 1.14.
b. 1.00.
c. 0.875.
d. 0.50.


c

Economics

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