1. Solve clearly
   

0.08 8. Calculating the price elasticity of supply 0.54 Sam is a stay at home parent who lives in Chicago and teaches tennis lessons for extra cash. At a wage of $25 per hour, he is 1.as to teach a hours per week. At $40 per hour, he is willing to teach 10 hours per week. 17.5 Using the midpoint method, the elasticity of Sam's labor supply between the wages of $25 and $40 per hour is approximately which means that Sam's supply of labor within this wage range is8. Calculating the price elasticity of supply Sam is a stay-at-home parent who lives in Chicago and teaches tennis lessons for extra per week. At $40 per hour, he is willing to teach 10 hours po elastic inelastic Using the midpoint method, the elasticity of Sam's labor su en the wages of $2 means that Sam's supply of labor within this wage range is