Question 34 (2 points) When the price of a pen increased from $3.00 to $4.00, the quantity supplied by a firm increased from 100 to 150 pens. The price elasticity of supply is: 1.5 O-0.38 O-1.5 150 Question 35 (2 points) Sa firm sells 30 units of its product at a it incurs a fixed cost of $100 and a variable c