Problem 2: From the data shown in Table about supply of alarm clocks, calculate the price elasticity of supply from: point J to point K, point L to point M, and point N to point P. Classify the...

Problem 2: From the data shown in Table about supply of alarm clocks, calculate the price elasticity of supply from: point J to point K, point L to point M, and point N to point P. Classify the elasticity at each point as elastic, inelastic, or unit elastic. Points Price Quantity Supplied J 8 50 K 9 70 L 10 80 M 11 88 N 12 95 P 13 100