What is the price elasticity of supply of tomatoes?

Reference no: EM133630420

Suppose the price of tomatoes fell from ?$58 a crate to ?$22 a crate. A typical tomato farmer supplies 308 crates of tomatoes a day at ?$58 a crate but at ?$22 a crate would supply 92 crates a day. What is the price elasticity of supply of tomatoes??

Reference no: EM133630420

Questions Cloud

Establish more government-owned hospitals : it would eliminate individual medical bills, making healthcare more accessible for everyone, regardless of income

Combating the growing health problem : How can recreation assist in combating the growing health problem associated with sedentary living?

How do you think an understanding of the concepts : How do you think an understanding of the concepts of cross elasticity of demand and income elasticity of demand could also be of importance to the online

Explain synthesis of evidence on which to practice change : Explain your synthesis of evidence on which to base a practice change, and the need for a practice change initiative. Be specific and provide examples.

What is the price elasticity of supply of tomatoes? : typical tomato farmer supplies 308 crates of tomatoes a day at ?$58 a crate but at ?$22 a crate would supply 92 crates a day. What is the price elasticity

Fda during drug development and approval process : What are some of the benefits of meeting with FDA during the drug development and approval process? How are sponsors supposed to mitigate this risk?

Describe your experience in the library : Describe your experience in the library. What are some of the things that you experienced that made it difficult to get access to the reference works, books

What are two advantages of that method : Give one example of a data collection method. What are two advantages of that method? What are two disadvantages of that method?

Describe how likely it is that either pilot can safely fly : Describe how likely it is that either pilot can safely fly the airplane if the senior pilot was on the left and the junior pilot was on the right.

User Account

All Pages