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rodikova [14]
2 years ago
10

Use the midpoint method to calculate the price elasticity of supply for tablet computers, using the following information: Q1 =

10, P1 = 100 Q2 = 30, P2 = 150
Social Studies
1 answer:
VladimirAG [237]2 years ago
8 0

The midpoint for the price elasticity of supply for tablet computers is mathematically given as

M= 2.5

<h3>What is price elasticity of supply?</h3>

The elasticity of supply in response to a shift in market price is measured by this concept.

<h3>What is the price elasticity of supply?</h3>

Generally, the equation for the Midpoint (elasticity method) is  mathematically given as

M= \frac{[\frac{(Q2-Q1)}{(Q2+Q1)/2]}}{[\frac{(P2-P1}{(P2+P1)/2}]}

Therefore

M= \frac{[(30-10)/(30+10)/2]}{[(150-100)/(150+100)/2]}

M= 2.5

In conclusion, the the price elasticity of supply

M= 2.5

Read more about Midpoint

brainly.com/question/5127660

#SPJ1

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