If the Price Doubles and the Quantity Supplied Also Doubles,the

question 305

Multiple Choice

If the price doubles and the quantity supplied also doubles,the price elasticity of supply for the good is

• A) -1.
• B) 1.
• C) -2.
• D) 2.
• E) 100 percent.

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Definitions:

Institutional Feature

Characteristics or aspects inherent to an institution or organization that define its structure, functions, and operations.

Japanese Labor Relations

Characterized by strong cooperation between management and labor, lifetime employment practices, and enterprise unionism.

Employee Representation

The practice of having employees involved in making decisions about workplace conditions, policies, and other matters affecting their work.

Codetermination

A practice where workers have a role in the management of companies, typically through representation on corporate boards.