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Anthony is a university student who lives in Mississauga and teaches tennis lessons for extra cash. At a wage of $75 per hour, he is
Anthony is a university student who lives in Mississauga and teaches tennis lessons for extra cash. At a wage of $75 per hour, he is willing to teach 18 hours per week. At $100 per hour, he is willing to teach 20 hours per week. Elasticity of Supply = ( )/(( + )/2) ( )/(( + )/2) Using the formula, calculate the elasticity of Anthony's labour supply between the wages of $75 and $100 per hour. Does Anthony's supply of labour elastic or inelastic? Analyze
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