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If a t-shirt manufacturer supplies 1,000 t-shirts per week when the price of t-shirts is $10 and supplies 1,200 t-shirts per week when the price of t-shirts is $12, using the midpoint formula the price
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If a t-shirt manufacturer supplies 1,000 t-shirts per week when the price of t-shirts is $10 and supplies 1,200 t-shirts per week when the price of t-shirts is $12, using the midpoint formula the price elasticity of supply is :_______

User Drew
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1 Answer

6 votes

Answer:

The answer is 1.0

Step-by-step explanation:

Please refer to the attached file for calculation

If a t-shirt manufacturer supplies 1,000 t-shirts per week when the price of t-shirts-example-1
User Fahad Hasan
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