Use the following data for a supply curve to calculate the elasticity of supply. $$\begin{array} { | c | c | }
\hline \text { Price } & \text { Quantiiy } \
\hline 1 & 25 \
\hline 2 & 35 \
\hline 3 & 45 \
\hline 4 & 55 \
\hline 5 & 65 \
\hline 6 & 75 \
\hline 7 & 85 \
\hline 8 & 95 \
\hline
\end{array}$$ (A) Use the michant farmula to calculate the elasticity of supply far the parce betwren 팽 $\$ 7$.
(B) Use the michaint farmula ta calculate the elasticity of supply far the price between 1 and 2. U5e the miकgaint farmula.

Question

Use the following data for a supply curve to calculate the elasticity of supply. $$\begin{array} { | c | c | } 
\hline \text { Price } & \text { Quantiiy } \
\hline 1 & 25 \
\hline 2 & 35 \
\hline 3 & 45 \
\hline 4 & 55 \
\hline 5 & 65 \
\hline 6 & 75 \
\hline 7 & 85 \
\hline 8 & 95 \
\hline
\end{array}$$ (A) Use the michant farmula to calculate the elasticity of supply far the parce betwren 팽 $\$ 7$.
(B) Use the michaint farmula ta calculate the elasticity of supply far the price between 1 and 2. U5e the miकgaint farmula.

Quizplus · Accepted Answer

The Answer of Use the following data for a supply curve to calculate the elasticity of supply. $$\begin{array} { | c | c | } 
\hline \text { Price } & \text { Quantiiy } \
\hline 1 & 25 \
\hline 2 & 35 \
\hline 3 & 45 \
\hline 4 & 55 \
\hline 5 & 65 \
\hline 6 & 75 \
\hline 7 & 85 \
\hline 8 & 95 \
\hline
\end{array}$$ (A) Use the michant farmula to calculate the elasticity of supply far the parce betwren 팽 $\$ 7$.
(B) Use the michaint farmula ta calculate the elasticity of supply far the price between 1 and 2. U5e the miकgaint farmula.

Use the Following Data for a Supply Curve to Calculate