Answer:
c.
Explanation:
Based on the information provided in the question regarding this situation, it seems that the salesperson engaged in deception by omission. This means that the salesperson told Ronaldo what he wanted to hear in order to close the deal. Even though the salesperson did not lie, he failed to mention an extremely important detail that Ronaldo needed to know in order for the rest of the information provided by the salesperson to hold true. Since the salesperson kept this information to himself in order to close the deal he has deceived Ronaldo.
Answer: This spells negative consequences for the economy
Explanation:
Became financial intervention or intermediation will be greatly affected
Answer:
varies depending on the state
Explanation:
For example, the Florida Real Estate Commission's (FREC) fines range from $250 to $5,000.
For first offenders, administrative fines range from $250 to $1,000, and the license can be suspended or revoked.
For repeat offenders, administrative fines range from $1,000 to $5,000, and the license can be suspended or revoked.
As a result of the demand increasing only slightly compared to the reduction in price, the demand must be <u>inelastic</u>.
<h3>Why is the demand inelastic?</h3><h3 />
The demand is considered to be inelastic if the price elasticity is less than 1.
The price elasticity is:
= (%Change in quantity/% Change in price)
Solving gives:
= 15 / 200 ÷ 0.50 / 3.50
= -0.525
In conclusion, the demand for the shakes is inelastic.
Find out more on inelastic demand at brainly.com/question/1899986.
Answer:
d. The price will stay the same, but the quantity will increase.
Explanation:
When the demand and supply both fall, the equilibrium quantity will definately fall but the price will remain the same. The new supply adapts to the reduction of the demand.
