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1. At a price of $5, Starbucks is willing to supply 100 vanilla lattes. When the price increases to $7, they are willing to supply 150 vanilla lattes. What is the price elastici…

1. At a price of $5, Starbucks is willing to supply 100 vanilla lattes. When the price increases to $7, they are willing to supply 150 vanilla lattes. What is the price elastici…
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23 votes
1. At a price of $5, Starbucks is willing to supply 100 vanilla lattes. When the price

increases to $7, they are willing to supply 150 vanilla lattes. What is the price elasticity
of supply here? Is it elastic or inelastic?

User Byron Wall
by
8.3k points

2 Answers

6 votes

Answer:

elastic

because the price increasced mabye helpfull

User Paul Chernenko
by
7.7k points
7 votes
It is elastic since when it is 5 dollars it is 1 dollar per 20 lattes but when you add 2 dollars and 50 you pay 1 dollar for 25
User Teena Nath Paul
by
7.8k points
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