How is the price elasticity of demand measured? the price elasticity of demand is measured as
a. the percentage change in the quantity demandedquantity demanded divided by the percentage change in the quantity suppliedquantity supplied.
b. the percentage change in the quantity demanded divided by the percentage change in price.
c. the slope of the demand curve.
d. the change in the quantity demandedthe change in the quantity demanded divided by the change in pricethe change in price.
e. the quantity demandedthe quantity demanded divided by priceprice.

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

Afarmer is an example of what kind of producer?

Adisadvantage of corporations is that shareholders have to pay on profits.