A 4% increase in the price of beer will cause a 1% decline in the quantity of beer demanded. The demand for beer is: Group of answer choices elastic. unitary elastic. inelastic. elastic at 4 (in absolute value).

What does the phrase limited liability mean in a corporate context?

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

What is the purpose of the us international trade association?