The table and graph below describe the supply of umbrellas per month in Peoria Supply of Umbrellas Price Quantity of Umbrellas dollars) Supplied 5128 108 48 Supply of Umbrellas 140 120 100 Price (dollars) 60 20 2000 3000 4000 5000 60 Quantity (umbrellas) Instructions: Round your answers to two decim a. Using the regular percentage change method, the price of umbrellas increases from $40 per umbrella to $60 per umbrella? Price increases by Winning 9 Quantity supplied increases by 9% Therefore, the elasticity of supply is WITHIN . Using the regular percentage change method, the price of umbrellas falls from $100 per umbrella to $80 per umbrella. Price decreases by HIT 9%. Quantity supplied decreases by limit as therefore, the elasticity of supply isIN] applied by 22 % If the elasticity of supply for umbrellas is 11, then an increase in the price of umbrellas of 20% will increase the quantity