The answer is limited liability partnership
Answer:
i am not sure for the first one, but for the second its a corporation
Explanation:
there are a lot of regulations connected with corporations and the taxation of these organizations
Elastic demand means that consumers are sensitive to price and that increased prices can lead to lower sales. There isn't enough information to fully answer this question. We don't know how elastic the demand is. If the demand is only slightly elastic, the increased price and lower demand could still equal higher profits.
