Try another version of these questions Suppose that when the price of laundry detergent increases from $3.9 to $4.1 quantity supplied increases from 190 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 260 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 laundry detergent decreases from $4.2 to $3.6. As a result, quantity supplied decreases from 270 to 180. 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 $56 to $64. 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 shoes. Suppose that the price of shoes increases from $10 to $20. 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 $8 437 $16 469 $24 501 $32 533 $40 565 $48 597 $56 629 $64 661
Enter DNE for Does Not Exist, oo for InfinityPrice Quantity Supplied $10 443 $20 483 $30 523 $40 563 $50 603 $60 643 $70 683 $80 723