The graph below shows the supply of iced coffee. Price (dollars) 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 Supply of Iced Coffee (50. 0.5) 50 100 150 200 250 300 350 400 450 500 Quantity of Iced Coffee Instructions: Round your answers to two decimal places. 8. Using the starting point method, what is the price elasticity of supply from a price of $4.00 to a price of $4.50 per iced coffee? 1.14 , and supply is said to be price elastic v . b. Using the starting point method, what is the price elasticity of supply from a price of $1.00 to a price of $1.50 per iced coffee? 2 . and supply is said to be price elastic v