Try another version of these questions Suppose that when the price of laundry detergent increases from $3.8 to $4 quantity supplied increases from 200 to 230. 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 $4.3 to $3.5, quantity supplied decreases from 260 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 cereal decreases from $4 to $3.6. As a result, quantity supplied decreases from 250 to 190. Based on this information classify the supply curve. Hint Box 1: Select the best answer Consider the following supply schedule for shoes. Suppose that the price of shoes increases from $16 to $24. 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 jeans. Suppose that the price of jeans increases from $70 to $80. 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 $8 431 $16 455 $24 479 $32 503 $40 527 $48 551 $56 575 $64 599
Enter DNE for Does Not Exist, oo for InfinityPrice Quantity Supplied $10 425 $20 445 $30 465 $40 485 $50 505 $60 525 $70 545 $80 565