Suppose that price elasticity of the long-run supply of restaurant meals is 2.5. If the price of meals increases by 5%, how would that affect the supply?

Name: Suppose that price elasticity of the long-run supply of restaurant meals is 2.5. If the price of meals increases by 5%, how would that affect the supply?
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The Answer of Suppose that price elasticity of the long-run supply of restaurant meals is 2.5. If the price of meals increases by 5%, how would that affect the supply?

Suppose That Price Elasticity of the Long-Run Supply of Restaurant