Consider a competitive market for which the quantities demanded and supplied (per year) at various prices are given as follows: Price (Dollars) Demand (Millions) Supply (Millions) 60 22 14 80 20 16 100 18 18 120 16 20 Calculate the price elasticity of supply when the price is $80.

PES = -0.5 or |0.5| in absolute terms, relatively inelastic supply

Explanation:

Price (Dollars)         Demand (Millions)             Supply (Millions)

$60                                      22                                      14

$80                                      20                                      16

$100                                     18                                       18

$120                                     16                                      20

Calculate the price elasticity of supply when the price is $80.

In order to calculate the PES at $80, we can use either the quantity when the price is $60 or $100.

P₀ = $80

P₁ = $60

Q₀ = 16

Q₁ = 14

or

P₀ = $80

P₁ = $100

Q₀ = 16

Q₁ = 18

the answer should be the same in this case:

PES = (-2/16) / ($20/$80) = -0.125 / 0.25 = -0.5 or |0.5| in absolute terms, relatively inelastic supply

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

mark brainliest!