Yvette is a college student who lives in San Francisco and does some consulting work for extra cash. At a wage of $35 per hour, she is willing to work 4 hours per week. At $45 per hour, she is willing to work 8 hours per week. Using the midpoint method, the elasticity of Yvette’s labor supply between the wages of $35 and $45 per hour is approximately , which means that Yvette’s supply of labor over this wage range is .
Answers: 3
= $35 
=4 hours
=$45
=8 hours
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