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Business, 12.03.2020 03:25 laniflower6

6. Calculating the price elasticity of supply Yvette is a stay-at-home parent who lives in San Francisco and teaches tennis lessons for extra cash. At a wage of $50 per hour, she is willing to teach 10 hours per week. At $65 per hour, she is willing to teach 19 hours per week. Using the midpoint method, the elasticity of Yvette’s labor supply between the wages of $50 and $65 per hour is approximately , which means that Yvette’s supply of labor over this wage range is .

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