Peruvian Quinoa During the first 10 months of 2014, production of quinoa in Peru reached 99.3 thousand metric tons, up from 44.2 thousand metric tons during the same period in 2012. The staggering 124.7 percent increase in quantity produced came as a reaction to the sharp rise in prices of quinoa from PEN (Peruvian Sol) 9.50 per kg in August 2012 to PEN19.41 per kg in August 2014, a 104.3 percent price rise. Calculate the price elasticity of supply of quinoa in Peru. Is the supply of quinoa in Peru elastic or inelastic?