Calculate the price elasticity of supply for each of the following combinations of price and quantity supplied. In each case, determine whether supply is elastic, inelastic, perfectly elastic, perfectly inelastic, or unit elastic in each case. Price falls from $2.25 to $1.75; quantity supplied remains at 600 units. Price increases from $1.75 to $2.25; quantity supplied increases from 466.67 units to 600 units.

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