The accompanying table gives part of the supply schedule for smart speakers in the United States. Price of speaker Quantity of speakers supplied $180 510,000 120 360,000 Calculate the price clasticity of supply when the price increases from $120 to $180 using the midpoint method. O0.40 D116

The accompanying table gives part of the supply schedule for smart speakers in the United States. Price of speaker Quantity of speakers supplied $180 510,000 120 360,000 Calculate the price clasticity of supply when the price increases from $120 to $180 using the midpoint method. O0.40 D116

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 16SQ

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The accompanying table gives part of the supply schedule for smart speakers in the United States.
Price of
speaker
Quantity of speakers supplied
$180
510.000
120
360,000
Calculate the price clasticity of supply when the price increases from $120 to $180 using the midpoint method.
00.40
0116
035
0.86

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