Currently, at a price of $2 each, 250 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply.

Currently, at a price of $2 each, 250 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $2 to $4 is unit-elastic (Es = 1). In the long run, a price increase from $2 to $4 has an elasticity of supply of 1.50.

Currently, at a price of $2 each, 250 popsicles are sold per day in the perpetually hot town ofRostin. Consider the elasticity of supply. In the short run, a price increase from $2 to $4 is...