At a Price of $4 Per Unit, Gadgets Inc

question 104

Multiple Choice

At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 gadgets. If the price were to rise to $8 per unit, their respective quantities supplied would rise to 45,000 and 25,000. If these are the only two firms supplying gadgets, what is the elasticity of supply in the market for gadgets?

• A) 1.2
• B) 1.0
• C) .833
• D) .80

Identify the benefits and mechanisms of suggestion systems in enhancing communication.

Relate the outcomes of adequate policy explanations on employee attitudes and behaviors.

Understand the tools and platforms effective for employer branding and their impact.

Know the significance of congruence in communication for organizational effectiveness.

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