Business
Business, 16.07.2021 18:50, noahtheking67

At a price of $12 per unit, Gadgets Incorporated is willing to supply 24,000 gadgets, while United Gadgets is willing to supply 16,000 gadgets. If the price were to rise to $15 per unit, their respective quantities supplied would rise to 27,000 and 21,000. If these are the only two firms supplying gadgets, what is the elasticity of supply in the market for gadgets

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At a price of $12 per unit, Gadgets Incorporated is willing to supply 24,000 gadgets, while United G...

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