Answer:
A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services
Explanation:
When modeling consumer behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services
A will has legal impact after you have passes away and has to be filed with the court.
A living will is similar to a regular will be takes effect while you are still alive to figure out where your assets should be placed.
A trust is an agreement that allows a third party to hold the assets on behalf of a beneficiary.
A prenuptial agreement is an agreement made before a marriage that explains what should happen to their assets in the event their marriage does not last. This is common in famous people due to the amount of money they have.
Answer:
b. percentage change in the consumer price index.
Explanation:
Inflation is the increase in the price of a commodity, it is expressed as a percent change in the price of an item. We can calculate the inflation using percentage change in consumer price index.
Consumer price index measure the percentage of change in the price of a market basket of consumer goods and services.
The law of demand states that the price and demand have an inverse relationship.
As the price of a product goes up, then fewer people will want to buy the product. For example, Honda sells more cars on average each year than Lexus because more people are able to afford the lower priced Honda. Producers can also use this law to say that as the demand for a product goes up, they will be able to charge more for the product as well.
