What is the price elasticity of supply for greek yogurt

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Suppose that in a week the price of Greek yogurt increases from $1.25/lb to $1.75/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 180,000 lbs. What is the price elasticity of supply for Greek yogurt? Instructions: Enter your response rounded to two decimal places. Use the mid-point formula.

Reference no: EM131424792

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