11. Calculating the price elasticity of supply Yvette is a graduate student living in Miami who works as a caddy to supplement their normal income. At an hourly wage rate of $40, they are willing to caddy 9 hours per week. Upping the wage to $55 per hour, they are willing to caddy 17 hours per week. Using the midpoint method, the elasticity of Yvette's labor supply between the wages of $40 and $55 per hour is approximately , which means that Yvette's supply of labor over this wage range is