Elasticity of Supply Find an expression, in terms of P$,$ for the point elasticity of supply for the supply function Q$=2$ P$+4,$ valid for P $>=0$ and Q $>=0)$ Hence choose the correct answer: $($A$)$ Elasticity of supply is equal to P $/($P$+2)($B$)1\%$ decrease of Price will cause a less than $1\%$ decrease of Quantity $($C$)$ Elastic for any value of Q $($D$)$ Unit elastic for any value of Q $($E$)$ None of the other answers is right $($F$)$ The vertical intercept of the Supply function is the same of the horizontal intercept $($G$)$ Inelastic for any value of Q