Assignment 4- Elasticity Answer the following questions. Be sure to be clear and neat. It is critical to explain your answers and show the work step by step. Don't write just the final answer. 1- In the following graph, using the midpoint method, a. What is the percentage change in price between quantity supplied of 20 and 30? b. What is the percentage change in quantity supplied between $25 and $35? c. What is the price elasticity of supply between $25 and $35? d. Between two quantities of 20 to 30, is supply elastic, inelastic, or unit elastic? Show the work. Price 55- 50 Supply 45 40 - 35- 30 - 25 20 15 20 25 30 35 40 Quantity