The table and graph below describe the supply of umbrellas per month in Peoria. Supply cf Umbrellas Price Quantity of Umbrellas (dollars) Supplied 5120 5,000 mm \" \" \" _ Supplyr of Umbrellas 140 120 100 80 50 Price (dollars) 40 20 0 1000 2000 3000 4000 5000 6000 a. Using the midpoint method. the price of umbrellas increases from $100 per umbrella to $120 per umbrella? Price increases by 96. Quantity supplied increases by 96. Therefore, the elasticity of supply is b. Using the midpoint method. the price of umbrellas falls from $40 per umbrella to $20 per umbrella. Price decreases by 96. Quantity supplied decreases by 96 . Therefore. the elasticity of supply is c. If the elasticity of supply for umbrellas is 1.8. then an increase in the price of umbrellas of 20% will supplied by 96. (Click to select) V the quantity