A firm owned by two or more persons who each bear the responsibilities and unlimited liabilities of the firm is a(n)

List the five key determinants of price elasticity of demand and explain how each determinant indicates if demand tends to be elastic or inelastic

What will be an ideal response?

According to the law of supply, if the price of calculators decrease, the supply of calculators will decrease, everything else held constant

a. True b. False Indicate whether the statement is true or false