Price $ 300.00 $ 275.00 $ 250.00 $ 225.00 $ 200.00 $ 175.00 $ 150.00 $ 125.00 $ 100.00 $ 75.00 $ 50.00 Supply 500 450 400 350 300 250 200 150 100 50 0 From the supply curve, use the midpoint method to calculate the elasticity of supply when the price falls from $100 to $75, 0.89 0.43 2.33 0.5

Price $ 300.00 $ 275.00 $ 250.00 $ 225.00 $ 200.00 $ 175.00 $ 150.00 $ 125.00 $ 100.00 $ 75.00 $ 50.00 Supply 500 450 400 350 300 250 200 150 100 50 0 From the supply curve, use the midpoint method to calculate the elasticity of supply when the price falls from $100 to $75, 0.89 0.43 2.33 0.5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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10
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