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Author Question: Which type of business is the most difficult to set up? A) corporation B) sole proprietorship ... (Read 35 times)

Alainaaa8

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on: Jun 29, 2018
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?
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aburgess

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Reply #1 on: Jun 29, 2018
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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