If a Rise in the Price of Good a from $100

question 165

Multiple Choice

If a rise in the price of good A from $100 to $120 results in an increase in quantity supplied from 10,000 to 12,000 units, then the elasticity of supply is

• A)0.625.
• B)0.8.
• C)1.25.
• D)0.2.
• E)1.0.

---

Definitions:

Corporate Databases

Centralized repositories of organizational data that support business operations, decision-making, and information management.

Self-Serve Kiosks

Automated interactive terminals where customers can conduct a variety of transactions or services independently, without direct service staff assistance.

MIS Department

Management Information Systems Department, responsible for overseeing the technology resources and systems within an organization to optimize business operations.

Technical Expertise

Specialized knowledge or skills in a specific field of technology, enabling an individual or organization to perform complex tasks efficiently.