A price increase from $43 to $49 results in an increase in quantity supplied from 220 units to 240 units. The price elasticity of supply in this price range is: Formula: Es % AQS + % AP where % A QS = (Q2 Q1) + (Q2 + Q₁) and %A P = (P2-P1) (P2+ P₁) 3.33 0.67 0.30 2 pts 1.50