Using the midpoint method, calculate the price elasticity of supply for web-design services when the price per
Question:
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 to 500,000. Is supply elastic, inelastic, or unitelastic?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Certainly Lets calculate the price elasticity of supply for web design services in this scenario Cal...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
2+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
