Try another version of these questions Suppose that when the price of laundry detergent increases from $3.6 to $4.5 quantity supplied increases from 220 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 peanut butter decreases from $4 to $3.6, quantity supplied decreases from 270 to 210. 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 peanut butter decreases from $4.5 to $3.7. 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 bags. Suppose that the price of bags increases from $35 to $40. 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 $60 to $70. 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 $5 435 $10 460 $15 485 $20 510 $25 535 $30 560 $35 585 $40 610
Enter DNE for Does Not Exist, oo for InfinityPrice Quantity Supplied $10 420 $20 440 $30 460 $40 480 $50 500 $60 520 $70 540 $80 560