Consider two markets: the market for coffee and the market for hot cocoa. the initial equilibrium for both markets is the same, the equilibrium price is $5.50 , and the equilibrium quantity is 37.0 . when the price is $10.75 , the quantity supplied of coffee is 63.0 and the quantity supplied of hot cocoa is 109.0 . for simplicity of analysis, the demand for both goods is the same. using the midpoint formula, calculate the elasticity of supply for hot cocoa. round to two decimal places.

1.526

Explanation:

For hot cocoa:

                                       = 1.526

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explanation:

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