A $20\%$ increase in price led the quantity supplied of watches in a competitive market to increase from $350\mathrm{.}00$ to $380\mathrm{.}00.$

$1$st attempt

Part $1(1$ point$)$See Hint

What is the price elasticity of supply for watches? Give your answer to two decimals.

Part $2(1$ point$)$See Hint

What is the best description of the price elasticity of supply for watches?

Choose one:

A$.$ elastic

B$.$ inelastic

C$.$ unitary elastic

D$.$ normal