Which item would probably have inelastic demand for a student?
(A) Sneakers
(B) Ball point pen
(C) School bus pass
(D) Mouse pad
Ans: (C) School bus pass
Economics
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A firm with two or more owners who have unlimited liability is known as
A) a partnership. B) a proprietorship. C) a corporation. D) an establishment.
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An industry can be defined as
a. the group of all firms that sell a product. b. any company that produces and sells something. c. the set of buyers of a particular good or service. d. the top companies that sell something.
Economics