The table and graph below describe the supply of umbrellas per month in Peoria.

Supply of Umbrellas

Price (dollars)	Quantity of Umbrellas Supplied
$120	5,000
100	4,000
80	3,000
60	2,000
40	1,000
20	0

New Tab x Microsoft Office Home x o Mail - info myintelligentsolution. y! mcgrawhillconnect.com - Yahoo ! X Question 8 - HW #6 - Elasticity ( X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPtGyUWbauh40WzNi_y5t5fTVH4Yox6QQoNBoqH70Yd... [2 * * (s Paused HW #6 - Elasticity (Midpoint Formula) i Saved Help Save & Exit Submit Supply of Umbrellas 8 140 120 2 points 100 80 Print Price (dollars 60 40 References 20 1000 2000 3000 4000 5000 6000 Quantity (umbrellas) Instructions: Round your answers to 2 decimal places. a. Using the midpoint method, the price of umbrellas increases from $80 per umbrella to $100 per umbrella? Price increases by 1% Quantity supplied increases by 1% Therefore, the elasticity of supply is b. Using the midpoint method, the price of umbrellas falls from $120 per umbrella to $100 per umbrella. Price decreases by 1% Quantity supplied decreases by Therefore, the elasticity of supply is [ c. If the elasticity of supply for umbrellas is 1.5, then a decrease in the price of umbrellas of 10% will |(Click to select) v | the quantity supplied by 1%. Mc graw W 9 67'F Sunny ~ g 3:57 PM Type here to search 9/30/2022