The table shows the maximum amount that 6 different students are willing to pay for a used textbook. Assume each student only buys one book. Suppose the supply of used textbooks is perfectly inelastic at a quantity of 4. Which of the following prices would equate the quantity supplied and quantity demanded? Buyer Value $75 $50 Breanne Nesreen Shreeva $60 $90 $85 $70 Peyton Will Kayla O A. $62 O B. $52 OC. S78 O D. $74 Reset Selection

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Suppose the accompanying table contains data on how many Veggie Delite sandwiches Subway is willing to sell each day at two different prices. Calculate the daily price elasticity of supply when the price increases from $5.00 to $7.50. Please round to the nearest hundredth. Price(per sandwich) Quantity supplied(sandwiches per day) $5.00 200,000 $7.50 210,000 a. Daily price elasticity of supply for Veggie Delite sandwiches = b. The daily price elasticity of supply for Veggie Delite sandwiches is relatively Elastic or Inelastic Now consider how responsive Subway’s supply of Veggie Delite sandwiches is to changes in price on an annual basis instead of a daily basis. c. Compared to the daily value, the annual price elasticity of supply for Veggie Delite sandwiches is likely to be more Inelastic or Elastic  and the annual supply curve is likely Flatter or Steeper  to be than the daily supply curve.

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