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?

Which statement best describes a significant cause of world war ii? o a. the economic boom that followed world war i allowed countries to build up huge militaries. o b. the treaty of versailles, which ended world war i, left lasting resentments in many countries. o c. the rise of imperial states in asia caused european powers to unite for their common defense. o d. the league of nations encouraged european states to form secret military alliances.