Question: Question 4 (1 point) A baker supplies 200 cupcakes when the price of cupcakes is $4.50, but supplies 280 when the price rises to $7.50.

Question 4 (1 point) A baker supplies 200 cupcakes when the

Question 4 (1 point) A baker supplies 200 cupcakes when the price of cupcakes is $4.50, but supplies 280 when the price rises to $7.50. Using the midpoint formula, her price elasticity of supply is equal to: O1 O 1/3 2/3 1/2

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