Question 2 (1 point) (1 Listen Because it's easy for pen manufacturers to switch from blue ink to red ink, O if the price of blue ink pens increases substantially, suppliers will likely switch to producing red ink pens. the price elasticity of supply for blue ink pens is likely to be elastic. O if the price of red ink pens decreases substantially, suppliers will likely switch to producing red ink pens. the price elasticity of supply for blue ink pens is likely to be inelastic.Question 6 (1 point) ()Listen The price elasticity of supply is likely to be least inelastic in one year. tomorrow. O today. Oin 10 years. Question 7 (1 point) ) Listen Total revenue equals O change in price divided by change in quantity. price minus quantity. O price divided by quantity. O price times quantity