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Suppose you have the following information for the supply for toddler walkers: P 1 =20 Q 1 =500 P 2 =10 Q 2 =100 Which

Suppose you have the following information for the supply for toddler walkers:

P₁=20 Q₁=500

P₂=10 Q₂=100

Which of the following is true?

Group of answer choices

An increase in tastes and preferences will cause a greater change in the quantity than the price

PES for toddler walkers is inelastic

The quantity supplied does not change much when price increases

A decrease in costs will cause a greater change in the price than in the quantity

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