Ryan asked:


a wage of $45 per hour, he is willing to teach six hours per week. At $60 per hour, he is willing to teach eight hours per week. Using the midpoint method, the elasticity of Asher’s labor supply between the wages of $45 and $60 per hour is approximately _____________
a) 0.13
b) 2.58
c) 0.64
d) 1
which means that Asher’s supply of labor over this wage range is ________________
a) unit elastic
b) inelastic
c) elastic

cbamerica10 asked:

a.a fall in the price of tennis balls.
b.a fall in the price of tennis rackets.
c.a rise in the price of tennis lessons.
d.a fall in income, assuming tennis balls are a normal good.