Answer:
Money available to the buyer is most important factor which needs to be considered. Also the quality of the old tires is considered before making a decision to replace tires. The life of tire is dependent on the running of the car plus the quality of the roads.
Explanation:
The tire are replaced once they are damaged. The damage can be through accident, roughness of roads, extra mileage and other similar factors. Once the tire is damaged it is better to replace it by the new one as this can be harmful for the commuters to travel in a car whose tires are damaged. There can be puncture or even tire burst situation which could be a threat to life.
Answer:
The correct answer is it makes price higher so demand falls, creating excess supply.
Explanation:
In a price floor, their is a floor limit on price. The price level cannot go below this limit. At high price the consumers will demand less, following the law of demand. While the suppliers will supply more, following the law of supply.
So, the supply will be greater than demand creating surplus quantity in the market.
<span>A short-term mortgage in which small payments are made until the completion of the term, when the entire balance is due, is BALLOON MORTGAGE.
Balloon mortgage is a type of loan that needs to be paid in a lump sum or is repaid at the end of the loan period, in a single payment. Depending on the agreement between the borrower and the lender, this type of payment may be interest free. Interest may apply but is usually smaller than long-term loans.
</span>
Answer: The correct answer is option B; Add D2 to the right of D, showing an increase in demand and increase in equilibrium price.
Explanation: The demand for a commodity is usually affected either positively or negatively by some factors or determinants. Foremost among the factors of demand is price of the commodity. Other factors include;
(a) Price of substitute commodities
(b) Consumers preferences
(c) Population
(d) Weather conditions
(e) Advertising
In the question above, the use of a popular actor as the spokesperson of the product is a form of advertising that is intended to improve upon the perception of the commodity and hence encourage consumers to buy more of it. If the popular personality endorses a product, there is an almost one hundred percent likelihood that consumers would see the product as a preferred choice and this would cause the demand to go up or increase.
An increase in the market demand would be signified by the outward shift of the demand curve to the right from D to D2. Since the x-axis shows the quantity demanded increasing towards the right hand side, then an increase in market demand would be reflected by a shift of the demand curve to the right.
As a result of that, the price would now move from P to P2 which shows an increase in equilibrium price. Also the quantity demanded would move from Q to Q2 which also indicates an increase in demand.
B. Review the different savings account options that your bank offers