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:

Working Realities

The actual conditions, situations, and challenges that individuals face in their day-to-day job environments.

Trait

A distinguishing quality or characteristic of an individual, often inherent or acquired.

Vroom-Jago

A decision-making model that focuses on how leaders can choose the most effective decision-making style based on the nature of the decision situation.

Leader-Participation Model

A leadership theory that suggests the ideal leadership style depends on various situational factors, including the nature of the task and the relationship between the leader and the followers.