Small Businesses Represent ____ Percent of All Firms and Employ

question 84

Multiple Choice

Small businesses represent ____ percent of all firms and employ about half of all private sector employees.

• A) 86.3
• B) 21.9
• C) 99.7
• D) 54.2
• E) 72.8

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Definitions:

Dental Floss

A thin thread used to remove food and dental plaque from between teeth in areas a toothbrush is unable to reach.

Price Elasticity

Refers to the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.

Quantity Demanded

The full quantity of a good or service that consumers are inclined and financially capable of purchasing at a designated price.

Price Elasticity

An indicator for the degree to which the supply or demand level of a good adjusts following a change in its price.