Answer:
u..............................
Answer:
The correct answer is B
Explanation:
Price elasticity of the demand evaluates the demand responsiveness after the change or variation in the product own price.
The formula for computing the coefficient of price elasticity, is the factors which affect the elasticity and also elasticity is vital for business when deciding the prices.
So, Filet mignon(F) sells for $20 per pound when compared to that of hamburger (H) which sells the product for $2.30 per pound. F have the higher price as compare to the H, therefore, the coefficient of the price elasticity of demand in absolute value will be high or larger for F than that of H.
When a lender checks the credit score of Jason for an auto loan, they would most likely notice that <u>b. He </u><u>paid off </u><u>a</u><u> car loan </u><u>after making</u><u> every payment</u><u> for 4 years. </u>
Lenders checking credit scores:
- Usually pay more attention to related loans
- Only bother with the credit score of the person in question not their relatives
The loan is for a car or an automobile of some sort so the lender will be looking for related loans in Jason's history. They will therefore most likely notice the car loan that was paid off.
In conclusion, a lender for an auto loan will most likely notice an auto loan history.
Options for this question include:
a. His savings account has more than $3000 in it
b. He paid off a car loan after making every payment for 4 years
c. When he stopped paying his credit card for 3 months 9 years ago
d. The credit scores of his family, including his parents and his wife if he is married
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Answer:
The correct answer is: shifts rightward, causing the price level to rise.
Explanation:
The money supply curve portraits the money supplied in the market at a specific interest rate. The money supply is increased by the central bank by purchasing bonds or other assets -in this case, the Federal Reserve- causing the money supply curve more to the right which at the same time lowers the interest rate.