Problem 3- 14 Marks Price $10 8 6 A 2 0 100 150 200 250 300 Quantity a. Refer to Figure above. Calculate the coefficient of elasticity of supply, the Es between point A and C, using the midpoint method.. 4 Marks b. If "S" is the market supply, what is the total revenue when the market the equilibrium market price is $8/unit? 3 Marks c. If the equilibrium market price decreases $6/unit, what is the % decrease in total revenue for suppliers? 3 Mark d. State two factors that could cause the market equilibrium price to decrease from $8 to $6/unit 4 Marks