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Larry is a retired teacher living in Chicago who coaches youth soccer to supplement their normal income. At an hourly wage rate of $ 2

Larry is a retired teacher living in Chicago who coaches youth soccer to supplement their normal income. At an hourly wage rate of $20, they are willing to coach 5 hours per week. Upping the wage to $40 per hour, they are willing to coach 14 hours per week.

Using the midpoint method, the elasticity of Larry's labor supply between the wages of $20 and $40 per hour is approximately , which means that Larry's supply of labor over this wage range is

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