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A Bakery Would Be Willing to Supply 500 Bagels Per

Question 44

Multiple Choice

A bakery would be willing to supply 500 bagels per day at a price of $0.50 each.At a price of $0.70,the bakery would be willing to supply 900.Using the midpoint method,what is the elasticity of supply for bagels


A) 0.58
B) 0.77
C) 1.24
D) 1.71

Correct Answer:

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