At a price of $5 per unit, Gadgets Incorporated is willing to supply 18,000 gadgets, while United Gadgets is willing to supply 12,000 gadgets. If the price were to rise to $7 per unit, their respective quantities supplied would rise to 22,000 and 18,000. If these are the only two firms supplying gadgets, what is the elasticity of supply in the market for gadgets?

Multiple Choice

• 0.86
• 0.75
• 2.1
• 1.17