Try another version of these questions Suppose that when the price of peanut butter increases from $3.6 to $4.1 quantity supplied increases from 200 to 240. 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 cereal decreases from $4.5 to $3.7, quantity supplied decreases from 230 to 220. 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 laundry detergent decreases from $4 to $3.7. As a result, quantity supplied decreases from 240 to 190. Based on this information classify the supply curve. Hint Box 1: Select the best answer Consider the following supply schedule for bags. Suppose that the price of bags increases from $9 to $18. 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 $24 to $30. 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 $9 414 $18 423 $27 432 $36 441 $45 450 $54 459 $63 468 $72 477
Enter DNE for Does Not Exist, oo for InfinityPrice Quantity Supplied $6 431 $12 455 $18 479 $24 503 $30 527 $36 551 $42 575 $48 599