Situation: The market of Mickey Mouse Handkerchief is in equilibrium at the price of P79.95 per price and quantity of 385 pieces per month
Change: The price of Mickey Mouse Handkerchief decreased by P59. 50 per piece, this resulted to a decrease in quantity supplied to 269 pieces per month.
PRICE ELASTICITY OF SUPPLY
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Situation: The market of Mickey Mouse Handkerchief is in equilibrium at the price of P79.95 per price and quantity of 385 pieces per month
Change: The price of Mickey Mouse Handkerchief decreased by P59. 50 per piece, this resulted to a decrease
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what type it again
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