8. Calculating the price elasticity of supply Musashi is a stay-athome parent who lives in Philadelphia and provides math tutoring for extra cash. At a wage of $30 per hour, he is willing to tutor 3 hours per week. At $50 per hour, he is willing to tutor 7 hours per week. Using the midpoints formula, the elasticity of Musashi's labor supply between the wages of $30 and $50 per hour is approximately 0.63 v , which means that Musashi's supply of labor within this wage range is v