At a price of $40 per unit, Gadgets Inc. is willing to supply 50,000 gadgets, while United Gadgets is willing to supply 30,000 gadgets. If the price were to rise to $80 per unit, their respective quantities supplied would rise to 75,000 and 45,000. If these are the only two firms supplying gadgets, what is the elasticity of supply in the market for gadgets?

At a price of $40 per unit, Gadgets Inc. is willing to supply 50,000 gadgets, while United Gadgets is willing to supply 30,000 gadgets. If the price were to rise to $80 per unit, their respective quantities supplied would rise to 75,000 and 45,000. If these are the only two firms supplying gadgets, what is the elasticity of supply in the market for gadgets