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11. Calculating the price elasticity of supply Alex is a retired teacher living in San Diego who coaches youth soccer to supplement their normal income. At an hourly wage rate of $30, they are willing to coach 5 hours per week. Upping the wage to $50 per hour, theyr are willing to coach 14 hours per week. Using the midpoint method, the elasticity of Alex's labor supply between the wages of $30 and $50 per hour is approximately V , which means that Alex's supplyr of labor over this wage range is V