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Ghella [55]
3 years ago
14

Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i

s Malcolm engaged in?
A. Primary

B. Secondary

C. Tertiary

D. Personal
Business
1 answer:
zhannawk [14.2K]3 years ago
7 0
The correct option is B.
There are three basic types of research, these are primary, secondary and tertiary research. A primary research is a type of research in which data, which are  the first of its kind are generated. Secondary research on the other hand is the type of research that is carried out based on the summary and the synthesis of the information gathered from primary research. 
The reports generated by the government agencies and the local chamber of commerce in the question given above are examples of data generated via primary research
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Answer:

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Explanation:

Data provided in the question;

Average dinner charges = $8.75

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Thus,

change in demand = 3,000 - 2,900 = 100

Now,

The price elasticity of demand = \frac{\textup{Percentage change in demand}}{\textup{Percentage change in price}}

also,

Percentage change in demand = \frac{\textup{Change in demand}}{\textup{Initial demand}}\times100\%

= \frac{\textup{100}}{\textup{3000}}\times100\%

= 3.33%

Percentage change in price =  \frac{\textup{Change in price}}{\textup{Initial price}}\times100\%

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= 5.714

thus,

The price elasticity of demand = \frac{\textup{3.33}\%}{\textup{5.714}\%}

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Answer:

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Answer:

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