Try another version of these questions Suppose that when the price of cereal increases from $3.6 to $4 quantity supplied increases from 210 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 cereal decreases from $4.4 to $3.5, quantity supplied decreases from 240 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 $4.2 to $3.6. As a result, quantity supplied decreases from 250 to 200. 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 $48 to $56. 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 $63 to $72. 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 $8 441 $16 473 $24 505 $32 537 $40 569 $48 601 $56 633 $64 665
Enter DNE for Does Not Exist, oo for InfinityPrice Quantity Supplied $9 417 $18 426 $27 435 $36 444 $45 453 $54 462 $63 471 $72 480