Suppose a new type of tea is found to be healthy. This made the equilibrium price rise by 20%. As a result, the quantity
Posted: Sun Jul 03, 2022 1:00 pm
Suppose a new type of tea is found to be healthy. This made the equilibrium price rise by 20%. As a result, the quantity of tea supplied increased by 40% The price elasticity of supply of tea is OA 20 OB. -225 OC. -080 OD. 1.25