A20% increase in price led the quantity supplied of pencils in a competitive market to increase from 380.00 to 410.00. what is the price elasticity of supply for pencils?

  about 0.39 (inelastic)

Step-by-step explanation:

Elasticity of supply is the ratio of percentage supply change to a corresponding percentage of price change. Here, that is ...

  eos = (410/380 -1)/(0.20) = 0.78947/0.2 ≈ 0.3947

Values below 1 are said to correspond to an inelastic supply, one not very sensitive to price.

see below

step-by-step explanation:

x+2> 6

subtract 2 from each side

x+2-2 > 6-2

x > 4

there is an open circle at 4 since is it is greater than and the line goes to the right

if you're trying to figure out how much each ounce cost it would be 0.20

cents each ounce