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Title: Suppose tennis shoes cost $50 per pair and firms supply 50,000 pairs of shoes. I Post by: Lauren1 on Nov 11, 2014 Suppose tennis shoes cost $50 per pair and firms supply 50,000 pairs of shoes. If the price decreases to $45 and firms decide to supply 48,000, the elasticity of supply equals
A) 0.0025. B) 0.04. C) 2.63. D) 0.39. Title: Re: Suppose tennis shoes cost $50 per pair and firms supply 50,000 pairs of shoes. I Post by: MrDereche on Nov 14, 2014 Content hidden
Title: Re: Suppose tennis shoes cost $50 per pair and firms supply 50,000 pairs of shoes. I Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: Suppose tennis shoes cost $50 per pair and firms supply 50,000 pairs of shoes. I Post by: MrDereche on Nov 17, 2014 You're welcome!
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