Answer:
Equilibrium price increases while the effect on equilibrium quantity is indeterminate.
Explanation:
Due to the higher cost of equipping and maintaining schools, the supply of schools would fall. This would increase the price of schools and the supply would fall.
Increased desire for college education would increase the demand for schools and the price of schools.
Taking the effect of demand and supply together, the equilibrium price would rise and there would be indeterminate effect on quantity
I hope my answer helps you
Answer:
$479,500
Explanation:
To determine the interest due for the first payment we can solve the following:
interest due on payment 1 = total debt x interest rate x 1/12 = $480,000 x 10% x 1/12 = $4,000
Now we need to subtract the interest due from the first payment:
principal paid = payment - interest due = $4,500 - $4,000 = $500
remaining principal = $480,000 - $500 = $479,500
Answer: Air travel is a normal good and vacation travel by car is an inferior good
Explanation: What is a normal good and what is an inferior good.
Normal goods are those goods for which the demand rises as consumer income rises. While inferior goods are goods whose demand increases when consumer income decreases.
This therefore means that the demand of inferior goods is inversely related to the income of the consumer.
From the question above, we can say that car trips are inferior goods while the air travel are normal goods.
Answer:
a. Faraday cage
Explanation:
Faraday cage -
It refer to as a shield which helps to block any electromagnetic fields , is referred to as faraday cage .
It is also known as Faraday shield .
In a Faraday cage , a mesh or covering conductive material is added to block any electromagnetic field .
Hence , from the given information of the question ,
The correct answer is a. Faraday cage .
