Assume That the Price Elasticity of Demand for Glass Is

question 86

Multiple Choice

Assume that the price elasticity of demand for glass is 1.7 and the price elasticity of supply for glass is 0.8.If supply rises by 18%,the price of glass will

• A) rise by 7.2%.
• B) fall by 13.88%.
• C) rise by 13.88%.
• D) fall by 7.2%.

---

Definitions:

Group Incentive System

a reward system where incentives are based on the collective performance of a group, team, or department rather than individual performance.

Alternative Work Site

A location other than the traditional office where employees can perform their job duties, such as home offices or coworking spaces.

Telecommuting

The practice of working from a remote location outside of a central office, typically from home, enabled by digital communication tools.

Assignments Electronically

Refers to the distribution and submission of work or tasks through digital means, such as email or online platforms.