Answer:
b. Suggestion 2
Explanation:
Suggestion 2 will increase the demand for public transportation because private transportation is a substitute. If it is expensier to use private transportation, some people that before used private transportation will start using the public one. Suggestion 1 and 3 will not increase demand (shift the demand curve in the demand and supply graph), they will result in changes in the quantity demanded (movements along the demand curve).
Answer:
$16,394.26
Explanation:
using a loan calculator we can determine the amount of interest paid in both loans:
<u>loan 1</u> <u>loan 2</u>
n = 30 years n = 30 years
principal = $200,000 principal = $200,000
APR = 4% APR = 3.6%
monthly payment = $954.83 monthly payment = $909.29
total interest paid = $143,739.01 total interest paid = $127,344.65
the difference in total interest paid between both loans = $143,739.01 - $127,344.65 = $16,394.26
the difference in monthly payment between both loans = $954.83 - $909.29 = $45.54
I'd go with Agribusiness, that sounds like it would be the most helpful, since Agribusiness deals with both produce and services.
B. External reference price
In "external reference price”, sellers price items by comparing the prices to those found outside of this shopping situation.
External reference prices are usually set up with the format “compare to $ …”.
Bob’s <span>Tropical Fish Store is referencing external reference price of $65, and comparing it to its lower price of $45.
</span>
