Understanding the Importance of International Trade in Various Countries Whereas imports and exports in the United States each account for about
September 9, 2020
The market price for a good is $9 and will not change. Currently, a perfectly competitive firm is producing 1,200 units of output.
September 9, 2020

A bakery would be willing to supply 500 donuts per day at a price of $0.50 each. At a price of $0.80, the bakery would be willing to supply 1,100 donuts. Using the midpoint method, the price elasticity of supply for donuts is about

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