To determine the elasticity of supply, we need to know the percentage change in quantity supplied divided by the percentage change in price. Unfortunately, without specific numerical data, it is not possible to calculate the exact elasticity of supply.
However, we can make a general inference. If the Labu villagers are bringing fresh fish to Lae market, we can assume that they are part of a local fishing industry. In such cases, the supply of fish is often relatively responsive to changes in price, as fishermen can easily adjust their fishing efforts in the short term.
Thus, the elasticity of supply for fresh fish in this context is expected to be comparatively elastic. This means that a small change in price will result in a proportionally larger change in the quantity supplied.