An agricultural supplier provides 8000 tonnes8000\text{ tonnes}8000 tonnes of a specific grain at a price of £50 \pounds50\,£50 per tonne. The price elasticity of supply (PES) for this grain is 1.2. If the market price rises to £60 \pounds60\,£60 per tonne, what would be the resulting increase in quantity supplied?
960 tonnes960\text{ tonnes}960 tonnes
1600 tonnes1600\text{ tonnes}1600 tonnes
1920 tonnes1920\text{ tonnes}1920 tonnes
2400 tonnes2400\text{ tonnes}2400 tonnes
