Consider the market for a natural resource. where the price is initially $22.U per ton and 21mm thousand tons are supplied. Suppose the price of the resource falls to $219M] per ton: at which price the market supplies 21.009 thousand tons. 1What is the price elasticity: of supp_ly_ between these prices? Using the midpoint formula: the price elasticity.r of supply is D. {Enter you.r response as a real number rounded to two decr'm at pie Des.) What is the main determinant of the price elasticity of supply? The passage of time The share of a good in a consumer's budget The availability of close substitutes