1. Using the midpoint method, calculate the price elasticity of supply for web -design services when the...
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1. Using the midpoint method, calculate the price elasticity of supply for web -design services when the price per hour rises from $100 to $150 and the number of hours transacted increases from 300,000 hours to 500,000. Is supply elastic, inelastic, or unit -elastic?
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Related Book For 
Essentials Of Economics
ISBN: 9781429218290
2nd Edition
Authors: Paul Krugman, Robin Wells, Kathryn Graddy
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