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 W and X

Between Y and Z

True or False: For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to increase production further.

True/False

Back to Assignment Attempts Keep the Highest / 2 3. Elastic and inelastic supply The following graph shows the supply of a good. (? Z 360 Supply Y PRICE (Dollars per unit) 180 X W GA QUANTITY (Units)