The demand for air travel between two cities doubles. the elasticity of the supply of air travel between these cities will a. not change over time b. become more elastic, the longer the time since demand doubled c. become less elastic, the longer the time since demand doubled d. adjusts to become equal to the price elasticity of demand over time

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.