Register
When the Gizmo Company could sell a gizmo for $10, it produced 2,500 per month. More recently, the price of a gizmo has fallen to $9 and so Gizmo is only producing 2,000 units per month. What is the price
162k views
3 votes
When the Gizmo Company could sell a gizmo for $10, it produced 2,500 per month. More recently, the price of a gizmo has fallen to $9 and so Gizmo is only producing 2,000 units per month. What is the price elasticity of supply for gizmos?

User Kzs
by
6.3k points

1 Answer

2 votes

Answer:

2.11

Step-by-step explanation:

When the Gizmo Company could sell a gizmo for $10, it produced 2,500 per month. More-example-1
User TimeEmit
by
6.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.5m answers

Other Questions

What is meant by data mining ?
Identify the advantages and disadvantages of a command economy.
How can life expectancy and literacy rates affect the quality of labor in the economy?
Analyze and identify the role of the government in a free enterprise economy.
A politician wants to see what people in her district think about tax cuts. Which procedure would be a good way of conducting a survey
Link Copied!