450 i Supply PRICE (Dollars per unit) 225 V C QUANTITY (Units) For each of the regions, use the midpoint method to identify whether the supply of this good is elastic or inelastic. Region Elastic Inelastic Between V and W O O Between X and Y O O True or False: As firms reach near maximum capacity at high levels of quantity supplied, supply becomes less elastic because firms may need to invest in additional capital in order to further increase production. O True O False