At a price of $25,000, producers of midsized automobiles are willing to manufacture and sell 75,000 cars

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At a price of $25,000, producers of midsized automobiles are willing to manufacture and sell 75,000 cars per month. At a price of $35,000, they are willing to produce and sell 125,000 a month. Using the same type of calculation method used to compute the price elasticity of demand, what is the price elasticity of supply? Is supply elastic, unit-elastic, or inelastic?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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