Answer the Following Questions Using the Information Below:
Laver Shavers

question 119

Multiple Choice

Answer the following questions using the information below:
Laver Shavers manufactures electric shavers and is considering decreasing the price by $2.50 a unit for the coming year.With a $2.50 price decrease,the unit demand is expected to increase by 25%,and a high volume materials discount is expected to decrease the variable costs per unit by $1 per unit.
$\begin{array}{lrr}&\text { Currently } & \text { Projected } \\\text { Demand } & 10000 \text { units } & 12500 \text { units } \\\text { Selling price } & \$ 51 & \$ 48.50 \\\text { Variable costs per unit } & \$ 45 & \$ 44\end{array}$
-The demand for this product is:

• A)slightly inelastic.
• B)greatly inelastic.
• C)elastic.
• D)indeterminable.

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Definitions:

Loopback Plug

A troubleshooting device that allows port testing.

Port

In computing, a port is a communication endpoint, a physical or virtual connection point used for connecting devices or for data transfer between devices and a computer.

Nanometers

A unit of measurement equal to one billionth of a meter, often used to describe the scale of semiconductor components.

IOPS

Input/Output Operations Per Second; a performance measurement used to benchmark the speed at which storage devices can read and write data.