there was a question about elatsticity of supply for a hotel that had demand go up some percentage. but all they gave was that the increased the “tariff” on the room by some amount, wich i guess is a cost. so how do we calculated change in supply?
there was a question about elatsticity of supply for a hotel that had demand go up some percentage. but all they gave was that the increased the “tariff” on the room by some amount, wich i guess is a cost. so how do we calculated change in supply?