Question: The data in the table shows the price and quantity supplied for floor mats. Using the Midpoint Method, what is the price elasticity of supply

The data in the table shows the price and quantity supplied for floor mats. Using the Midpoint Method, what is the price elasticity of supply from point B to point C?

Note: Remember to take theabsolute valueof the result and round to the nearesthundredth. If using a calculator, rounding should be done at theendof your calculation.

Point Price Quantity

A $40 500

B $43 520

C $46 540

D $49 560

E $52 580

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