Answer:
inelastic demand
Explanation:
Price elasticity of demand (PED) measures the proportional change in quantity demanded when the price of a product or service changes:
- when a 1% decrease in price, increases quantity demanded in a smaller proportion, the PED is said to be inelastic.
- when a 1% decrease in price, increases quantity demanded in a larger proportion, the PED is said to be elastic.
- when a 1% decrease in price, increases quantity demanded in the same proportion, the PED is said to be unit elastic.
In this case, the decrease in price (-2%) barely increased the quantity demanded, therefore, the PED is inelastic.
<span>Employees indicate their willingness to be represented by a union by signing an authorization card. People who work and represent a union sign authorization cards to show the strength in numbers of people who back the union. A union is a group of people that have formed an organization, there are people who work for a union and collectively </span>decide whether as a whole they agree to the work force and will abide by that or go on strike.
Answer:
$231,000
Explanation:
The maximum loan amount that the borrower would get from a bank is the 70% of the contract price which is computed thus:
The understanding here is that the bank would provide 70% counterparty funds which is equivalent to 70% of $330,000 i.e $231,000(70%*$330,000).
In other words,the borrower should be willing to provide 30% of $330,000 while the bank complements the borrower's efforts withe balance of 70%
Answer:
The correct answer is a) price searcher; also a price searcher.
Explanation:
In the market there are situations known as monopoly where a person or a group of people have control in the market, these people are known as monopolists, and they usually have power in a specific market.
The monopolists are characterized by the dominance of the price and of the products to put it in a market for their potential clients, these are the ones in charge of putting their prices on the products to be competitors before the competition. Likewise, there is a monopoly competitor, who also seeks the best prices to help them be competitive in the market, many monopolists compete with similar products and different prices.
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<em>I hope this information can help you.</em>
