Q1. The delivery of aged cheddar cheese is inelastic also the delivery of bread is elastic. Both goods are measured to be normal goods by a majority of consumers. Suppose which a large income tax increase decreases the demand for both goods by 10%.

Q2. With the similar business from the 1st conversion in mind, state the best possible merger or agreement to grow your organization also maximize profits. Explicate your rationale. Once more, with the similar organization in mind, converse the most effective way to maintain also extend a competitive benefit. Provide specific examples to support your response.