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Likurg_2 [28]
3 years ago
9

True or false: you always want the lowest possible deductible because it means you will pay less out of pocket in case of a loss

.
Business
1 answer:
stiv31 [10]3 years ago
5 0
The correct answer is false.

The given statement is false, why? You cannot always want the lowest deductible since it may only be applied once something has happened that points out towards you, or in other words, it is your fault. An example of lowest deductible is when you get into a car accident and it was your fault, the total repair cost of the vehicle is at 1,400.00 dollars, your lowest deductible would be around 500 dollars, wherein you have to add it to the balance before your insurance company pays for the rest
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It is customary for a feeder fund to keep all client fees

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A company is said to be publicly traded when its stocks are
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C) sold in an IPO

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Now suppose that the demand for bell peppers is relatively inelastic. How will this change your answer to the previous question?
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D.  Price will increase by a larger increment and the quantity will decrease by a smaller increment

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here is the full question :

he market for bell peppers is competitive. For bell peppers to grow properly they need substantial rainfall. A very dry winter in California did not produce enough rain to grow bell peppers in California, one of the major bell pepper growing regions of the world.

Now suppose that the demand for bell peppers is relatively inelastic. How will this change your answer to the previous question?

A.  Price will increase by a smaller increment and the quantity will decrease by a larger increment

B.  Price will increase by a smaller increment and the quantity will decrease by a larger increment.

C.  Price will increase by a larger increment and the quantity will decrease by a larger increment

D.  Price will increase by a larger increment and the quantity will decrease by a smaller increment

Demand is inelastic if a small change in price has little or no effect on quantity demanded.

due to the low rainfall, less pepper would be produced. as a result the supply of pepper would rise. since the demand for pepper is inelastic, the rise in price would be greater than the change in quantity demanded.

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