The spelling of the name "Elizabet" can be explained using the International Phonetic Alphabet (IPA). The first syllable, "Eli", is pronounced /ˈiːli/ with a long "e" sound and a short "i" sound. The second syllable, "za", is pronounced /zə/ with a "z" sound and a schwa sound. The final syllable, "bet", is pronounced /bɛt/ with a short "e" sound and a "t" sound. Therefore, the correct spelling of this name should be "Elizabeth".