Most businesses in the United States are ________, and the type of business organization that accounts for the LEAST amount of total revenues is ________
A) proprietorships; partnerships
B) corporations; proprietorships
C) proprietorships; proprietorships
D) corporations; partnerships
C
Economics
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The income effect due to a price decrease will result in an increase in the quantity demanded for
A) an inferior good. B) a public good. C) a Giffen good. D) a normal good.
Economics
See the information in Scenario 4.4. Suppose P = 10, Pc = 100, Pd = 2, A = 5, and I = 50. What is the income elasticity of demand?
A) 0 B) 5/9 C) 1 D) 9/5 E) none of the above
Economics