please answer the following and followed the instructions. thank you.

ENRICHMENT ACTIVITY Discuss the questions below. Write your answer in your notebook. 1. How important is elasticity in the analysis of the market? 2. What factors affect elasticity of demand? EXERCISE 1 A. Compute the supply elasticity of the following supply schedule. Write your to answer in your notebook. Situation Price (P) Quantity (Q) G 898 922 H 745 856 623 649 577 521 369 273 F 208 125 1. Situation H and L 2. Situation K and G 3. Situation I and J EXERCISE 2 USMAX3 notebook Solve for the elasticity given the situation below. Write your answer in your An increase in JV's income from Php 3,000 to Php 3,500 causes his demand for pork steak to increase from 5 to 6 kilos a month