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Look at this story from the news in August. https://www.cbc.ca/news/politics/scholz-vassy-kapelos-lng-russia-gas-1.6559814 a)What would you expect the elasticity of supply of gas to be at the time

Look at this story from the news in August.

https://www.cbc.ca/news/politics/scholz-vassy-kapelos-lng-russia-gas-1.6559814

a)What would you expect the elasticity of supply of gas to be at the time the story was written - explain. [2]

b) If all goes to plan, what should happen to the elasticity of supply in future - explain. [2]

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