The price of stadium seats at a baseball game increases from $20 to $30 and ticket sales fall from 45,000 per game to 35,000 per game. If other things remained constant, then it appears that the price elasticity of demand is:
a. elastic

According to your textbook, it is best to view "the market" as

A) a person. B) a place. C) a thing. D) a process of plan coordination among buyers and sellers. E) a highly complicated series of exchanges, which can only be coordinated by the efforts of economists and other experts in government.

In the United States, ________ percent of all firms are sole proprietorships

A) 4 B) 14 C) 72 D) 82