The following graph shows the supply of a good.For each of the regions, use the mid point method to identify whether the supply of this good is elastic or in elastic.REGION. ELASTIC. INELASTICbetween W and X. ______. ______between Y and Z. ______. _______True or False: For high levels of quanity supplied where firms have reached near maximum capacity, supply becomes more elastic because firms may need to invest in additional capital in order to increase production further. True or False

Z 90 Supply PRICE (Dollars per unit) 45 5 X W 10 32 36 O QUANTITY (Units)