Price Supply $ 300.00 $ 275.00 $ 250.00 $ 225.00 $ 200.00 $ 175.00 $ 150.00 $ 125.00 $ 100.00 $ 75.00 $ 50.00 500 450 400 350 300 250 200 150 100 50 From the supply curve, use the midpoint method to calculate the elasticity of supply when the price falls from $225 to $200. O 1 O 0.89 O 0.5 O 1.31

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