a. What is the formula for measuring the price elasticity of supply? Percentage change in quantity supplied/percentage change in income O Percentage change in quantity demanded/percentage change in income O Percentage change in quantity demanded/percentage change in price O Percentage change in quantity supplied/percentage change in price b. Suppose the price of apples goes up from $23 to $24 a box. In direct response, Goldsboro Farms supplies 1,400 boxes of apples instead of 1,0000 boxes. Compute the coefficient of price elasticity (midpoints approach) for Goldsboro's supply. Instructions: Round your answer to 2 decimal places. Price elasticity =

Fill in the table below, giving a numerical value for letters A, B, C, and D. TC AFC AVC 50 1 90 A B D 30 2.

uestion 3 If you want to minimize interest payments on a loan, you'll need one that has a simple interest rate so that yo John opened an account, and knew exactly how much it would be worth at the end of the year, because it used year. What is simple interest? Oa. Interest only on original amount saved or borrowed Ob. interest on original amount saved, borrowed and other interest earned Oc. a fee paid for the use of someone else's money Od. taxes on the original amount saved or borrowed L A Moving to another question will save this response. →

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