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29 Sep 2019
Currently, at a price of $2 each, 250 popsicles are sold per day in the perpetually hot town of Rostin. Consider the MS the city of supply. In the short run, a price increase from $2 to $4 dollars is unit elastic Es=1). In the long run, a price increase from $2 to $4 has elasticity of supply of 1.50.
A. How many Popsicles will be sold each day in the short run if the price rises to $4 each?
B. So how many Popsicles will be sold per day in the long run if the price rises to $4 each?
Currently, at a price of $2 each, 250 popsicles are sold per day in the perpetually hot town of Rostin. Consider the MS the city of supply. In the short run, a price increase from $2 to $4 dollars is unit elastic Es=1). In the long run, a price increase from $2 to $4 has elasticity of supply of 1.50.
A. How many Popsicles will be sold each day in the short run if the price rises to $4 each?
B. So how many Popsicles will be sold per day in the long run if the price rises to $4 each?
Retselisitsoe PokothoaneLv10
29 Sep 2019
