An Increase in the Price of T-Shirts from $20 to $25

question 227

Multiple Choice

An increase in the price of T-shirts from $20 to $25 causes an increase in the quantity supplied of T-shirts from 12,000 to 14,000.The price elasticity of supply is:

• A) 5/2
• B) 2/5
• C) -2/5
• D) 9/13
• E) 13/9

Understand the conditions under which a third-party can enforce a contract.

Identify the legal foundations for the delegation of contractual obligations and the limitations thereof.

Understand the role and importance of packaging in branding.

Recognize the significance of social media tools for nonprofit marketers.

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Definitions:

Psychoanalytic Feminists

A branch of feminism that applies psychoanalytic theories, particularly those of Freud, to explore the roots of gender inequality and psychological oppression.

Subordination

Involves a social or organizational arrangement that places certain groups or individuals in lower or inferior ranks compared to others.

Recognition

The acknowledgment or validation of someone’s status, achievements, rights, or identity by others or by society.

Intersectionality

An analytical paradigm that scrutinizes how intersecting social identities and their related systems of oppression, domination, or discrimination shape the lives and experiences of individuals.