-June makes holiday wreaths and sells them during the holiday season. The figure above shows her supply curve of wreaths per week. Use the midpoint method in this problem.
a) Calculate the percentage change in quantity between points A and B.
b) Calculate the percentage change in price between points A and B.
c) Calculate the price elasticity of supply between points A and B.
Definitions:
Supreme Court
The highest judicial body in a country, typically having the ultimate authority over all other courts within the nation's jurisdiction.
Slave Rebellion
A collective uprising by enslaved individuals seeking to gain freedom and resist their conditions.
Harriet Tubman
An iconic African American abolitionist and political activist known for her role in the Underground Railroad.
Frederick Douglass
A prominent American social reformer, abolitionist, writer, and statesman known for his efforts against slavery.
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