<h2>Yes because Debbie lived with Sandra as a member of her household for all of 2019</h2>
Explanation:
Important information to take into consideration to answer the question:
Sandra has taken health insurance during the year 2019
Sandra has covered both himself and Debbie
Considering the above information, Sandra can claim from insurance because Debbie lived with Sandra in 2019 ie. the year same as the year in which the policy has been taken. Debbie's gross salary is not a barrier for the given situation.
Option B stands false because gross income is considered as a barrier.
The inflation rate between years 1 and 2 is 2.13%
What is CPI?
CPI means consumer price index, the consumer price index measures the change in prices of a basket of goods and services from one period to another, like the change in prices or inflation rate from one year to another year.
The inflation rate can be expressed in the current year CPI divided by the prior year CPI as shown by the CPI formula shown below:
inflation rate=(CPI year 2/CPI year 1)-1
CPI year 2=245.1
CPI year 1=240
inflation rate=(245.1/240)-1
inflation rate=2.13%
The implication of the above computation is that the inflation rate between year 1 and year 2 is approximately 2.13% when rounded to 2 decimal places.
In other words, the prices of goods and services has increase by 2.13% on the average between the two years
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Answer: Product market decision
Explanation: In the product market decision, the company offering the product into the market makes it safe and suitable for the target customer base.
In the given case, nestle and cadbury made the decision regarding the product by taking the climatic conditions of the target market into consideration. Hence, we can conclude that the given case is an example of product market decision.
The best explanation of how the principle of demand and supply has affected the price of the record player is:
- Because there are several vending booths in the same area selling the same item, there would be a reduction in price to attract more customers.
<h3>What is Demand?</h3>
This refers to the quantity of goods which are requested by consumers at a particular time period which has an effect in the price of the good.
With this in mind, the principle of demand and supply was in effect as in the flea market, there was a reduction in price of an old record player because there was a lot of the goods in a location.
Read more about demand and supply here:
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