Suppose the cross price elasticity of demand between grapefruit fruit and orange juice is approximately 6. what does this mean? a. a 6 percent increase in the price of grapefruit juice leads to a 1 percent increase in orange juice consumption. b. the demand for orange juice is 6 times greater than the demand for grapefruit juice. c. if the price of grapefruit juice rises by $1, 6 more cartons of orange juice will be purchased. d. a 1 percent decrease in the price of grapefruit juice leads to a 6 percent decrease in orange juice consumptio

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)

Each row in a database is a set of unique information called a(n) table. record. object. field.

What business practice contributed most to andrew carnegie’s ability to form a monopoly?