The price of premium insulated flasks was £8.00 and the quantity supplied at this price was 4,000 units. The market price has since risen to £10.00, resulting in the quantity supplied increasing to 5,600 units.
What is the price elasticity of supply?
0.6250.6250.625
1.51.51.5
1.61.61.6
2.52.52.5
