If the price elasticity of supply is 2.0, when prices rise by 10%, the quantity supplied will 1:] A. decrease by 2.00% and the supply is considered elastic. up} B. increase by 20.0% and the supply is considered elastic. 1:] C. increase by 0.20% and the supply is considered inelastic. :_:i D. decrease by 20.0% and the supply is considered inelastic