Question: The data in the table shows the price and quantity supplied for running shoes. Using the Midpoint Method, what is the price elasticity of supply
The data in the table shows the price and quantity supplied for running shoes. Using the Midpoint Method, what is the price elasticity of supply from point C to point D? Note: Remember to take the absolute value of the result and round to the nearest hundredth. If using a calculator, rounding should be done at the end of your calculation. Point Price Quantity A $120 15,000 B $125 15,400 C $130 15,800 D $135 16,200 E $140 16,600
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