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Please Solve Urgent Question # 3 A rise in the price from S 4 to S 4.80 causes the supply of a bunch of freshly

Please Solve Urgent

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Question # 3 A rise in the price from S 4 to S 4.80 causes the supply of a bunch of freshly cut roses to extend from 500 to 525 a day and supply of a bunch of plastic roses to extend from 200 to 280' 3) Calculate the price elasticity of supply of i. A bunch of freshly cut roses. [2] ii. A bunch of plastic roses. [2] b) State, in each case. whether supply is elastic or inelastic. I'll c) What explains the difference in the degree of elasticity of the two products? [2]

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