Essay
Paolo owns a pizza shop.The price of pizza recently increased from $3 to $5 a slice.Paolo responded by increasing the quantity of slices he supplied from 100 to 150 slices per day.Using the midpoint method, calculate Paolo's price elasticity of supply.
A.5/4
B.4/5
C.3/4
D.5/2
Correct Answer:
Verified
Correct Answer:
Verified
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