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The problem asks for the price elasticity of supply using the mid-point formula, with the following dataThe problem asks for the price elasticity of supply using the mid-point formula, with the following 

- Initial price of a cheeseburger: \( P_1 = 25 \)
- New price of a cheeseburger: \( P_2 = 29 \)
- Initial quantity supplied: \( Q_1 = 280 \)
- New quantity supplied: \( Q_2 = 480 \)

The price elasticity of supply \( E_s \) is calculated using the mid-point formula:

\[
E_s = \frac{\frac{Q_2 - Q_1}{(Q_1 + Q_2)/2}}{\frac{P_2 - P_1}{(P_1 + P_2)/2}}
\]

### Step-by-step Calculation:
1. **Change in quantity:**
   \[
   Q_2 - Q_1 = 480 - 280 = 200
   \]
   \[
   \text{Average quantity} = \frac{280 + 480}{2} = 380
   \]
   \[
   \frac{Q_2 - Q_1}{\text{Average quantity}} = \frac{200}{380} = 0.5263
   \]

2. **Change in price:**
   \[
   P_2 - P_1 = 29 - 25 = 4
   \]
   \[
   \text{Average price} = \frac{25 + 29}{2} = 27
   \]
   \[
   \frac{P_2 - P_1}{\text{Average price}} = \frac{4}{27} = 0.1481
   \]

3. **Elasticity of supply:**
   \[
   E_s = \frac{0.5263}{0.1481} = 3.55
   \]

Thus, the price elasticity of supply is approximately **3.55**.

Would you like more details on this, or do you have any further questions? 

### Relative questions:
1. What does a price elasticity of supply greater than 1 imply?
2. How does the mid-point formula differ from other elasticity formulas?
3. Can elasticity of supply be negative? If so, under what circumstances?
4. What factors influence the elasticity of supply for a product?
5. How would the result change if the increase in quantity was lower, for instance, from 280 to 350?

### Tip:
Always use the mid-point formula when given two price and quantity points to ensure accurate calculation, especially when changes are large.

The price of a cheeseburger increases from 25 to 29. As a result, the owner of a burger shop increases the quantity supplied from 280 to 480. The price elasticity of supply is [answer].

Learn how to calculate the price elasticity of supply when the price of a cheeseburger increases from 25 to 29, and the quantity supplied rises from 280 to 480. This problem involves the mid-point formula, commonly used in economics to calculate elasticity.

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