Try another version of these questions Suppose that when the price of laundry detergent increases from $3.6 to $4.4 quantity supplied increases from 220 to 250. Using the mid-point elasticity approach, calculate price elasticity of supply. Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Suppose that when the price of laundry detergent decreases from $4 to $3.7, quantity supplied decreases from 250 to 190. Using the mid-point elasticity approach, calculate price elasticity of supply. Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Suppose that the price of cereal decreases from $4.4 to $3.4. As a result, quantity supplied decreases from 270 to 190. Based on this information classify the supply curve. Hint Box 1: Select the best answer Consider the following supply schedule for books. Suppose that the price of books increases from $28 to $32. Using the mid-point approach, calculate price elasticity of supply. Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Consider the following supply schedule for bags. Suppose that the price of bags increases from $5 to $10. Using the mid-point approach, calculate price elasticity of supply. Hint Box 1: Select the best answer
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Price Quantity Supplied $4 423 $8 443 $12 463 $16 483 $20 503 $24 523 $28 543 $32 563
Enter DNE for Does Not Exist, oo for InfinityPrice Quantity Supplied $5 414 $10 419 $15 424 $20 429 $25 434 $30 439 $35 444 $40 449