If a Rise in the Price of Good a from $9

question 168

Multiple Choice

If a rise in the price of good A from $9 to $11 results in an increase in quantity supplied from 4,000 to 6,000 units, the elasticity of supply is

• A)0.5.
• B)0.8.
• C)1.0.
• D)2.0.
• E)20.0.

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Definitions:

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.