Register

1. At a price of $5, Starbucks is willing to supply 100 vanilla lattes. When the price increases to $7, they are willing to supply 150 vanilla lattes. What is the price elastici…

1. At a price of $5, Starbucks is willing to supply 100 vanilla lattes. When the price increases to $7, they are willing to supply 150 vanilla lattes. What is the price elastici…
asked 17.6k views
23 votes
1. At a price of $5, Starbucks is willing to supply 100 vanilla lattes. When the price

increases to $7, they are willing to supply 150 vanilla lattes. What is the price elasticity
of supply here? Is it elastic or inelastic?

asked
User Byron Wall
by
8.3k points

2 Answers

6 votes

Answer:

elastic

because the price increasced mabye helpfull

answered
User Paul Chernenko
by
7.7k points
7 votes
It is elastic since when it is 5 dollars it is 1 dollar per 20 lattes but when you add 2 dollars and 50 you pay 1 dollar for 25
answered
User Teena Nath Paul
by
7.8k points
← Prev Question Next Question →

Related questions

User Thomas Dutrion
asked Apr 15, 2019 109k views
7 Starbucks lattes have a total of 1820 calories find the calories per Starbucks coffee
Thomas Dutrion asked Apr 15, 2019
by Thomas Dutrion
8.5k points
2 answers
2 votes
109k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!