Laura is a retired teacher who lives in Chicago and provides math tutoring for extra cash

Subject:EconomicsPrice:2.88 Bought3

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Laura is a retired teacher who lives in Chicago and provides math tutoring for extra cash. At a wage of $75 per hour, she is willing to tutor 18 hours per week. At $100 per hour, she is willing to tutor 20 hours per week. Using the midpoint method, the elasticity of Laura`s labor supply between wages of $75 and $100 per hour is:

A) 2.71

B) 1

C) 0.4

D) 0.37

Which means that Laura`s supply of labor over the wage range is:

A) elastic

B) unit elastic

C) inelastic