Elasticity of Supply

II. Elasticity of Supply (15 points). Compute for the elasticity of demand and identify to what kind of elasticity (elastic, inelastic, unit elastic) each of the item belongs. Show your computation and interpret your answer. (3 points if fully explained, 2 points if explained partially, 1 point if missed the main points, 0 point if the answer is off tangent; 2 points for the computation) P1 P2 Qs1 Qs2 Set A 250 300 32 50 Set B 100 200 10 20 Set C 50 30 20 10 Set A: Set B: Set C