Using the midpoint formula for calculating the elasticity of supply, if the price of a good rose

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Using the midpoint formula for calculating the elasticity of supply, if the price of a good rose from $95 to $105, what would be the elasticity of supply if the quantity supplied changed from:
a. 38 to 42?
b. 78 to 82?
c. 54 to 66?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 06:05 AM

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Using the midpoint formula for calculating the elasticity of supply, if the price of a good rose

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