The figures are invented. (i) The price elasticity of supply of bicycles is 1.6. Producers supply 2,500 bicycles a month at a price of $50. The price falls to $45. Calculate the new quantity supplied. [2] (ii) The price elasticity of supply of fresh fish is 0.25. The quantity supplied rises from 800 kg to 840 kg a day. The price was $15 per kg. Calculate the new price. [2]

Paper 2-style short part (standalone practice; not an IB question).