Question: The table sets out the offer plan for branded pants: Price (dollars per unit) Quantity supplied (million pairs per year) 120 2,400 125 2,800 130

The table sets out the offer plan for branded pants: Price (dollars per unit) Quantity supplied (million pairs per year) 120 2,400 125 2,800 130 3,200 135 3,600 Calculate the elasticity of supply when:

a) The price rises from $ 125 to $ 135 per unit.

b) The price is $ 125 per unit.

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