Please help How does supply and demand effect the price of an item?

Business

1 answer:

Sonbull [250]2 years ago

8 0

Answer:

It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.

Explanation:

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Norbert Inc. delivered goods and services during December. Payment is expected during the first week of January. The related adj

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The correct word for the blank spaces are: asset; revenue.

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2 years ago

A landowner in fee simple signed a promissory note for $10,000 to a bank, and secured the note by a mortgage of her land to the

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Answer:

D) Both the landowner and the attorney.

Explanation:

The bank will succeed in obtaining a judgement against both the former landowner and the attorney. The bank can sue either of them or both of them, but it can only collect the $5,000 once.

When the attorney assumed the mortgage, he expressly promised to pay it. The lender becomes a third party beneficiary of the attorney's promise to pay and can sue him if the mortgage isn't paid.
The former landowner became secondarily liable to the lender in case the attorney didn't pay.

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