3 years ago

Which of the following would typically be paid through an escrow account?

Social Studies

2 answers:

pav-90 [236]3 years ago

7 0

B -taxes would be typically paid through an escrow account

Novosadov [1.4K]3 years ago

6 0

The correct option is B

A Guarantee account: is an account in the name of a borrower that serves as a clearing account with your bank, usually for the purpose of insuring and servicing a debtor.

Taxes would normally be paid through an escrow account. But it would be a little more difficult to pay for services like water or cable with this kind of account.

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Let's calculate the change in quantity:

$\frac{Q_2 - Q_1}{\frac{Q_2+Q_1}{2} } = \frac{50-100}{\frac{50+100}{2} } = (approx.) -0.67.$

Let's now calculate the change in price:

$\frac{P_2 - QP_1}{\frac{P_2+P_1}{2} } = \frac{3.00-2.00}{\frac{3.00+2.00}{2} } = 0.40.$

Finally, let's calculate the price elasticity of demand:

$e_p = \frac{-0.67}{0.40} = (approx) -1.7.$

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