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Poornima is a retired teacher who lives in Miami and teaches tennis lessons for extra cash. At a wage of $30 per hour, she is
Poornima is a retired teacher who lives in Miami and teaches tennis lessons for extra cash. At a wage of $30 per hour, she is willing to teach 3 hours per week. At $50 per hour, she is willing to teach 7 hours per week.
Using the midpoint method, the elasticity of Poornima's labor supply between the wages of $30 and $50 per hour is approximately ?, which means that Poornima's supply of labor over this wage range is ?.
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