age.com Dashboard MindTap - Cengage.. C Hi, I need help with t. C 1. For each of the re. C 2. Calculating the pri.. G Suppose the CENGAGE | MINDTAP Homework (Ch 05) 450-- Supply PRICE (Dollars per unit) X 225 37.5 iW V 7.5 56 63 QUANTITY (Units) For each of the regions, use the midpoint method to identify whether the supply of this good is elastic or inelastic. Region Elastic Inelastic Between X and Y .O' O Between V and W O True or False: As firms reach near maximum capacity at high levels of quantity supplied, supply becomes less elastic because firms may need to invest in additional capital in order to furtherincrease production. True