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Problem 2: Elasticity Answer Questions 6 - 8 (= 2a - 2c) Quantity Price Elasticity of Supply Supplied $ Es 35 8 XXXXXX 65 16

Problem 2: Elasticity Answer Questions 6 - 8 (= 2a - 2c) Quantity Price Elasticity of Supply Supplied $ Es 35 8 XXXXXX 65 16 110 24 175 32 260 40 Problem 2 a: Elasticity of Supply: Referencing the table shown above, calculate the Elasticity of Supply Es coefficients. (Round your answers to 2-places after the decimal and enter into the answer boxes in the table.) Formula: Es = %AQs + % AP = [(Q2 - Q1) + (Q2 + Q1)] +[(P2 - P1) :(P2 + P1)]

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