Problem
Copper Price Elasticity of Supply. Suppose the price of copper increases from $1,500 to $2,500 per ton and the quantity supplied increases from 9 million tons to 11 million tons. Use the midpoint formula to compute the price elasticity of supply for copper.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.