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Price $ 300.00 $ 275.00 $ 250.00 $ 225.00 $ 200.00 $ 175.00 $ 150.00 $ 125.00 $ 100.00 $ 75.00 $ 50.00 Supply

Price$ 300.00$ 275.00$ 250.00$ 225.00$ 200.00$ 175.00$ 150.00$ 125.00$ 100.00$ 75.00$ 50.00Supply500450400350

Price $ 300.00 $ 275.00 $ 250.00 $ 225.00 $ 200.00 $ 175.00 $ 150.00 $ 125.00 $ 100.00 $ 75.00 $ 50.00 Supply 500 450 400 350 300 250 200 150 100 50 From the supply curve, use the midpoint method to calculate the elasticity of supply when the price falls from $225 to $200. 1.31 0.5 0.89 01

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