at price of $1.30 per pound, a local apple orchard is willing to supply 150 pounds of apples per day. at a price of $1.50 per pound, the orchard is willing to supply 170 pounds of apples per day. using the midpoint method, the price elasticity of supply is about question 17 options: 1.14. 1.00. 0.875. 0.50.