At a price of $2.00 per kilo, 1500 kilos of kiwifruit are supplied and at a price of $3.00 per kilos, 2500 kilos of kiwifruit are supplied. What is the price elasticity of the supply of kiwifruit between these two prices, using the midpoint formula?

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The Answer of At a price of $2.00 per kilo, 1500 kilos of kiwifruit are supplied and at a price of $3.00 per kilos, 2500 kilos of kiwifruit are supplied. What is the price elasticity of the supply of kiwifruit between these two prices, using the midpoint formula?

At a Price of $2