What is price elasticity of supply for greek yogurt

Assignment Help Business Economics

Reference no: EM13834777

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?

Instructions: Enter your response rounded to two decimal places. Use the mid-point formula.

Reference no: EM13834777

Questions Cloud

Contributing factor to the recent housing bubble : Subprime lending is thought to be a contributing factor to the recent housing bubble. Which of the following is an example of subprime lending?

Marginal propensity to import affect government multiplier : All else equal, in an open economy, how would an increase in the marginal propensity to import (MPI) affect the government purchases multiplier?

Refinancing option to become economically attractive : You purchase a house for $200,000 by putting 10% down and taking a 15-year loan for the balance. The APR (annual percentage rate) of the loan is 6%. After 5 years, you can refinance your loan at 4.8% for a fee of $2,000. To the nearest tenth of a yea..

One way to reduce the degree of income inequality : When the actual Lorenz curve is as far away from the 45-degree line as possible, there is. One way to reduce the degree of income inequality is to. The Gini coefficients for countries A and B are 0.25 and 0.30, respectively. We can definitely conclud..

What is price elasticity of supply for greek yogurt : 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?

Interpret the predicted outcome of this regression : Let’s say that we estimate the following regression where colli is a dummy equal to 1 if individual i went to college and 0 otherwise and disti is the distance in miles for individual i to the nearest college when i grew up. How do you interpret the ..

Perfect and imperfect multicollinearity : Perfect and imperfect multicollinearity: Define perfect multicollinearity either mathematically or explain it intuitively. Explain how imperfect multicollinearity differs from perfect multicollinearity (you may, but don’t have to, use examples).

Estimates of regression coefficients most commonly obtained : Estimates of regression coefficients are most commonly obtained using OLS, ordinary least squares. Assume that we are interested in the relationship between Y and X and study this relationship by estimating the regression

What pricing model we have considered best represents market : The recent drop in the price of gasoline and oil has had several effects on the US economy. What pricing model we have considered best represents the market for oil? Defend your answer. Use your model to explain how a moratorium on fracking in the US..

User Account

All Pages