Answer:
a) decrease the quantity demanded
Explanation:
According to the law of demand, an increase in the price of a good reduces the quantity demanded for that good.
Answer:
$143,750
Explanation:
We have to first calculate the present value of the bargain purchase option:
PV = $200,000 / (1 + 6%)⁵ = $149,451.63
net lease amount = $790,000 - $149,452 = $640,548
PVIF Annuity due, 6%, 5 payments = 4.546
Annual payment = $640,548 / 4.456 = $143,750
If the government and central bank don’t follow the economic policy, it could result in an economic depression
Answer:
$262.50
Explanation:
Multiply $350 by 0.75 since it is 25% off and the remaining is 75% to get the answer of $262.50.