Its a business
owned by only person ex. florists mechanics
Answer:
If the elasticity of demand of golf balls sold in the US is -0.4, the new equilibrium price will be -37.5% less price
Explanation:
In order to calculate the new equilibrium price If the elasticity of demand of golf balls sold in the US is -0.4 we would have to use the following formula:
Price elasticity of demand= percentage change in quantity demanded /percentage change in price of the good
According to the given data we have the following:
Price elasticity of demand=-0.4
percentage change in quantity demanded=15%
Therefore, -0.4=15%/percentage change in price of the good
percentage change in price of the good=15%/-04
percentage change in price of the good=-37.5%
Therefore, If the elasticity of demand of golf balls sold in the US is -0.4, the new equilibrium price will be -37.5% less price
The process to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives is called risk assessment.
An entity refers to someone or enterprise owning separate and wonderful prison rights, inclusive of an individual, partnership, or organization. An entity can, amongst different things, personal assets, engage in enterprise, enter into contracts, pay taxes, sue, and be sued.
The entity name is the call used by an enterprise to enter into contracts and make other criminal or administrative commitments. alternatively, the business name is the name your commercial enterprise operates under and shares with its clients, customers, and employees.
That which has a wonderful life as an individual unit. often used for businesses that have no physical shape. An existent something that has the houses of being actual, and having an actual lifestyle.
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