When the Price of Perfume Changes from $24 to $26

question 62

Multiple Choice

When the price of perfume changes from $24 to $26, the quantity supplied increases from 100 jars to 150 jars. What is the elasticity of supply of perfume?

• A) 0.04
• B) 25.0
• C) 5.0
• D) 0.2

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Definitions:

Downward Communication

The flow of information from higher levels of organizational hierarchy to lower levels, often involving directives and updates.

Filtering

The process of selectively presenting, withholding, or modifying information or messages in communication.

Chain of Command

A system in organizations where authority and responsibility flow from the top ranks down to the lower ranks in an orderly and clear manner.

Ineffective Communication

The inability to convey information or express thoughts clearly and efficiently, leading to misunderstandings or failed message transmission.