3 years ago

Were the Colonists justified in their response?

1 answer:

4 0

Yes the colonist were very justified in their response being very clear

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VladimirAG [237]

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