Suppose that market forces determine the price of rental apartments in Seattle. Currently, the demand and supply schedules are the following: Price Quantity Demanded Quantity Supplied $400 10,000 8,000 800 8,000 8,000 1200 6,000 8,000 1600 4,000 8,000 2000 2,000 8,000 2400 1,000 8,000 Using the table above, which term best describes the elasticity of the supply curve? Group of answer choices Perfectly elastic Perfectly inelastic Elastic Inelastic