Answer:
The quantity demanded will decrease by 2%.
Explanation:
This can be determined using the elasticity formula as follows:
e = Percentage change in quantity demanded change / Percentage change in price ........ (1)
Where;
e = elasticity of demand for college textbooks = -0.1
Percentage change in quantity demanded change = ?
Percentage change in price = 20%
Substituting the values into equation (1) and solve for Percentage change in quantity demanded change
-0.1 = Percentage change in quantity demanded change / 20%
Percentage change in quantity demanded change = -0.1 * 20% = -0.02, or -2%
Since the Percentage change in quantity demanded change is negative 2%, it implies that the quantity demanded will decrease by 2%.
<u>Explanation:</u>
Structure and Formation of Corporation and Partnership:
- Corporation is a independent legal entity whereas partnership in which two or more partners share ownership.
- The formation of partnership entity requires fulfillment of lesser formalities than corporation.
Powers:
- A partnership entity can do anything which the partners agree to do and there is no limit to the activities.
- The powers of the shareholders are limited unlike the partnership entity.
Management:
- Every member of a partnership entity may take part in the management.
- Shareholders are not involved but managers run the company.
I took this question already, so if it was
<span>
Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.
It would be "True"
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Answer:
Daniel’s team had to decide the vendor on the following attributes that should be analyzed:
- Innovation :- Credit Issue Group is a money related assistance organization and henceforth the seller needs to have a decent mechanical base to furnish with organization with required administrations on schedule and best in quality.
- Exclusivity: Considering the significance of the administrations, organization may take a gander at the restrictiveness of the administrations that merchant can offer to Credit Issue.
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Complimentary Services offering:- To look if seller has some other contributions to make to the customer that might be complimentary with the fundamental administrations advertised. This can save money on schedule and authoritative work.
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Support:- What support would vendor be able to offer to the organization alongside giving the essential administrations.
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Contingency:- in case of seller's framework disappointment, what back up merchant needs to proceed with uninterrupted administrations.