Business Economics Quiz 43 (3 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Sara's Hair Palace is a small, locally owned beauty salon in Sterling. Sara does all the work. This represents what type of business?

Correct Answer: C) Sole proprietorship.

2. TERM 3 TOPIC IN GR 11

Correct Answer: C) FOREIGN SECTOR.

3. The amount by which the quantity demanded changes in relation to a change in price.

Correct Answer: D) Price elasticity of demand.