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Author Question: The current price of canvas messenger bags is 36 each and sales of the bags equal 400 per week. If ... (Read 218 times)

karlynnae

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The current price of canvas messenger bags is 36 each and sales of the bags equal 400 per week. If the price elasticity of demand is -2.5 and the price changes to 44, how many messenger bags will be sold per week? Use the midpoint formula.
 
  What will be an ideal response?

Question 2

Which of the following is not an advantage of starting a new business as a proprietorship?
 
  A) A proprietorship has few government rules and regulations to comply with.
  B) The owner has complete control over the business.
  C) Business profits are only taxed once, not twice.
  D) A proprietorship can easily attain additional funding.


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morrie123456

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karlynnae

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


parker125

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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