Unit #2 - Price Elasticity i Saved Help Save & Exit Submit Check my work 4 a. What is the formula for measuring the price elasticity of supply? Es = percentage cha v eBook b. Suppose the price of apples goes up from $22 to $24 a box. In direct response, Goldsboro Farms supplies 1,300 boxes of apples instead of 1,000 boxes. Compute the coefficient of price elasticity (midpoints approach) for Goldsboro's supply. Instructions: Round your answer to two decimal places. Es = c. Is its supply elastic, or is it inelastic? Supply is elastic Mc Graw Hill Education