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Jennthejelly Jennthejelly
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A year ago
Mathematical Calculation of Price Elasticity of Supply

The table shows the quantity supplied of video games at various prices.
PointPriceQuantity Supplied
A51675​
B52720​
C53765​
D54810​
E55855​
Using the midpoint formula, the price elasticity of supply between B and C is ________. The supply of the good is ________. Round your final answer to two decimal places.

▸ 3.25, inelastic

▸ 3.18, inelastic

▸ 3.18, elastic

▸ 3.25, elastic
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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malgrextoutmalgrextout
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A year ago
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You make an excellent tutor!
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Thank you, thank you, thank you!
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Helped a lot
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