At a Price of $1

question 82

Multiple Choice

At a price of $1.00,a local coffee shop is willing to supply 100 cinnamon rolls per day.At a price of $1.20,the coffee shop would be willing to supply 150 cinnamon rolls per day.Using the midpoint method,the price elasticity of supply is

• A) 0.45
• B) 0.90
• C) 1.11
• D) 2.20

---

Definitions:

Organizational Feature

Describes any distinctive characteristic or aspect of an organization, such as its culture, structure, processes, or practices.

Direct Control

A management approach where actions and processes are strictly regulated and monitored by central authorities.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant social, economic, and technological changes.

Stabilize Workforce

The process of creating a stable and consistent employee base within an organization, aiming to reduce turnover and maintain productivity.