Determine which scenario below is an example of own-price elasticity. O Because he makes more money this year than he did last year. George purchased more gifts for his family members this year. O If the price of leather sofas increases next month, Heather will opt to purchase a microfiber sofa instead O Tom, a construction foreman, will buy 100 sheets of plywood when the price is $12 per sheet. He will buy 150 sheets of plywood when the price drops to $10 per sheet O Helium balloons are on sale this week, so Latisha will need fewer streamers for the party to celebrate her husband's Job promotion