1. A woman is willing to give up her yearly two-week cruise in the Caribbean due to a price increase. Is her demand elastic or Inelastic for the cruise? Explain your answer. 2. Why is it important for business owners to understand the elasticity of demand for his or her goods or services when considering a price range?

the most famous of all the units fighting in cuba, the "rough riders" was the name given to the first u.s. volunteer cavalry under the leadership of theodore roosevelt. roosevelt resigned his position as assistant secretary of the navy in may 1898 to join the volunteer cavalry. the original plan for this unit called for filling it with men from the indian territory, new mexico, arizona, and oklahoma. however, once roosevelt joined the group, it quickly became the place for a mix of troops ranging from ivy league athletes to glee-club singers to texas rangers and indians.

in 1862, president lincoln's emancipation proclamation opened the door for african americans to enlist in the union army. although many had wanted to join the war effort earlier, they were prohibited from enlisting by a federal law dating back to 1792.

explanation: