Suppose that in a week the price of Greek yogurt increases from $5.00/lb to $5.25/lb

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Suppose that in a week the price of Greek yogurt increases from $5.00/lb to $5.25/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 125,000 lbs. What is the price elasticity of supply for Greek yogurt?

    • 12 years ago
    Suppose that in a week the price of Greek yogurt increases from $5.00/lb to $5.25/lb
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