The table and graph below describe the supply of umbrellas per month in Peoria. Supply of Umbrellas Price (dollars) $150 Quantity of Umbrellas Supplied 1,000 120 800 100 600 80 400 60 200 40 Instructions: Round your answers to two decimal places a. Using the regular percentage change method, the price of umbrellas increases from $60 per umbrella to $80 per umbrella? Price Increases by [ 33.3% Quantity supplied increases by Therefore, the elasticity of supply is b. Using the regular percentage change method, the price of umbrellas falls from $120 per umbrella to $100 per umbrella. Price decreases by Quantity supplied decreases by a. Using the regular percentage change method, the price of umbrellas increases from $60 per umbrella to $80 per umbrella? Price increases by 33.3 % Quantity supplied increases by [ Therefore, the elasticity of supply is [ b. Using the regular percentage change method, the price of umbrellas falls from $120 per umbrella to $100 per umbrella Price decreases by [ % Quantity supplied decreases by Therefore, the elasticity of supply is [ c. If the elasticity of supply for umbrellas is 1.2, then an increase in the price of umbrellas of 20% will (Click to select) the quantity supplied by