Author Question: Which type of business is the most difficult to set up? A) corporation B) sole proprietorship ... (Read 36 times)

Alainaaa8

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Which type of business is the most difficult to set up?
 
  A) corporation
  B) sole proprietorship
  C) partnership
  D) There is no difference in the difficulty of establishment.

Question 2

Would you expect the income elasticity of demand for Cadillacs to be positive or negative? Why is this true?
 
  What will be an ideal response?


aburgess

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Answer to Question 1

A

Answer to Question 2

The income elasticity of demand for Cadillacs should be positive because Cadillacs are a normal good. When income rises, the demand for Cadillacs will rise as well.



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