The Price Elasticity of Supply for Umbrellas Is 2

question 204

Multiple Choice

The price elasticity of supply for umbrellas is 2.Suppose you're told that following a price increase, quantity supplied increased by 30 percent.What was the percentage change in price that brought this about?

• A)60 percent
• B)15 percent
• C)6.7 percent
• D)impossible to determine without additional information

Learn how to use MOV instruction to move contents between memory locations.

Solve problems involving MUL, ADD, SUB, and other arithmetic instructions.

Understand the operation of compare instructions like CMP, EQU, NEQ, GRT, and LES.

Determine the conditions under which compare instructions return true.

---

Definitions:

Capacity Elements

Components or factors that determine the capability of an individual or organization to achieve its objectives.

Capacity Building Activities

Initiatives designed to strengthen the skills, competencies, and abilities of nonprofits and their staff, enhancing their ability to fulfill their missions.

Nonprofit Organizations

Organizations that operate for the collective, public, or social benefit, rather than focusing on generating profits for owners or investors.

PEST Analysis

A strategic business tool used to evaluate the external macro-environmental factors - Political, Economic, Social, and Technological - that could impact an organization.