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Label the scenarios below with the term that best describes it. Use the midpoint method. Marcel Duchamps was a famous artist prior to his death and known for his dada artwork including works such as "Soft Toilet. All the original sculptures and paintings made during his lifetime go on sale. Paul owns a Tim Horton's, a famous donut and coffee franchise. He sells his maple glazed donuts at $1.00 each, but refuses to sell the donuts for any other price. The price of facial tissues rises 10%. Due to this price increase, P&G;, owners of Puff's, decide to increase quarterly output from 15 million boxes to 25 million boxes of facial tissue. With the school semester starting for both high school and college, Papermate chooses to increase production of pens by 10% after global prices of writing instruments increase from $1.90 a package to §2.10 a package. With its limited resources as a startup company, Bright Idea is only able to up its production by 15% of its signature dual color emitting light bulbs due to scarcity of the compound needed to make the filament, despite a 400% increase in the price of fluorescent light bulbs. Inelastic Supply Perfectly Inelastic Unit-elastic Elastic Supply Perfectly Elastic Supply
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