Use the midpoint formula to calculate the price elasticity of supply between point $A$ and point $B$ for the diagram to the right. The calculated price elasticity of supply is A. 1.000 . B. 0.556 . C. 0.000 . D. 1.364 . E. Infinity Consider the polar case where the demand curve is perfectly inelastic. Use the line drawing tool to draw a perfectly inelastic demand curve. Label this line 'D'. Carefully follow the instructions above, and only draw the required objects.

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Use the midpoint formula to calculate the price elasticity of supply between point

A

and point

B

for the diagram to the right. The calculated price elasticity of supply is A. 1.000 . B. 0.556 . C. 0.000 . D. 1.364 . E. Infinity Consider the polar case where the demand curve is perfectly inelastic. Use the line drawing tool to draw a perfectly inelastic demand curve. Label this line 'D'. Carefully follow the instructions above, and only draw the required objects.

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