Will, a sprinter on the track team, has inelastic demand for sports drinks. the local store has raised the price of a sports drink from $1.00 to $1.50. which of the following could describe will’s response to the price change?
a. he bought 15 bottles a month at $1.00 and 20 bottles a month at $1.50.
b. he bought 10 bottles a month at $1.00 and 9 bottles a month at $1.50.
c. he bought 15 bottles a month at $1.00 and 5 bottles a month at $1.50.
d. he bought 10 bottles a month at $1.00 and 5 bottles a month at $1.50

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

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The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.