Answer:
10.7%
Explanation:
2% of the loan value added to the 8.7% of the loan value that you're paying in interest is ...
2% + 8.7% = 10.7%
The effective rate for this 1-year loan is 10.7%.
Answer: Chad took an illegal listing
Explanation:
From the question, we are informed that Seller Wanda told her broker Chad that she wants to clear $75,000.00 when she sells her home and that Chad took the listing and sold the home for $150,000 and gave Wanda her $75,000.00 and he kept the other $75,000.00.
In this scenario, Chad took an illegal listing. Wanda has the right to know the amount that the home was sold. All written offers should have been sent to Wanda for her to review.
Answer: Social influence
Explanation:
The reservation price is the maximum price that a buyer is willing to pay for a product. For a consumer, the difference in the reservation price and the agreed price that the buyer finally pay for the product is the consumer surplus.
Social influence is a factor that affects ones reservation price. As individuals, social forces influences our demand. The cost of producing the product is a supply-side factor that will affect the supply but will not affect the reservation price. The price of the good also does not affect the reservation price.
Answer:
The correct answer is option B.
Explanation:
An increase in the price level would cause consumer spending to decrease as the purchasing power of the consumer will decline. This will cause the quantity of total output to decrease.
As a result, there will be an upward movement on the same aggregate demand curve, indicating a contraction in the economy.
A decrease in the price, on the other hand, would cause an expansion in the economy. It would be indicated by a downward movement on the same curve.