Using the midpoint formula, calculate the price elasticity of supply for the following three products.
$$\begin{array} { | l | l | l | l | }
\hline & \text { Corn } & \text { Squash } & \text { Onions } \
\hline \text { P1 } & 0.4 & 0.2 & 0.8 \
\hline \text { P2 } & 0.5 & 0.3 & 1 \
\hline \text { Q1 } & 350 & 750 & 650 \
\hline \text { Q2 } & 300 & 300 & 500 \
\hline
\end{array}$$

Question

Using the midpoint formula, calculate the price elasticity of supply for the following three products.
 $$\begin{array} { | l | l | l | l | } 
\hline & \text { Corn } & \text { Squash } & \text { Onions } \
\hline \text { P1 } & 0.4 & 0.2 & 0.8 \
\hline \text { P2 } & 0.5 & 0.3 & 1 \
\hline \text { Q1 } & 350 & 750 & 650 \
\hline \text { Q2 } & 300 & 300 & 500 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Using the midpoint formula, calculate the price elasticity of supply for the following three products.
 $$\begin{array} { | l | l | l | l | } 
\hline & \text { Corn } & \text { Squash } & \text { Onions } \
\hline \text { P1 } & 0.4 & 0.2 & 0.8 \
\hline \text { P2 } & 0.5 & 0.3 & 1 \
\hline \text { Q1 } & 350 & 750 & 650 \
\hline \text { Q2 } & 300 & 300 & 500 \
\hline
\end{array}$$

Using the Midpoint Formula, Calculate the Price Elasticity of Supply