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by clasticity of demand and elasticity of supply? b) From the data in the following table about supply of alarm clocks, calculate the price elasticity of supply from: point J to point K, point L to point M, and point N to point P. Classify and graphically show the elasticity at each point as elastic, inclastic, or unit elastic. Point Price Quantity Supplied $8 50 K 59 70 L 80 M $11 88 N $12 95 $13 100 (5+10)