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Use the following to answer question: Use the following to answer question: -(Figure: The Market for Lattes) Use Figure: The Market for Lattes.What is the price elasticity of supply between the prices of $2 and $2.50 per cup,using the midpoint formula? A) 0.33 B) 1.00 C) 1.51 D) 3.00
-(Figure: The Market for Lattes) Use Figure: The Market for Lattes.What is the price elasticity of supply between the prices of $2 and $2.50 per cup,using the midpoint formula?


A) 0.33
B) 1.00
C) 1.51
D) 3.00

Correct Answer:

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