Banks don't establish government programs; this task is in the hand of the government. But they do all of the remaining: store money, lend money and issue mortgages for houses.
Answer:
Qin Shi Huang standardized writing, a crucial factor in the overcoming of cultural barriers between provinces, and unifying the empire. He also standardized systems of currency, weights, and measures, and conducted a census of his people. He established elaborate postal and irrigation systems, and built great highway
Explanation:
Answer:
Check the explanation
Explanation:
(a) Aggregate demand can be the total sum of demand of all the people. It is proposed that a person inverse demand curve of individual amounting to 90 is PM(Q) = 10-Q and individual inverse demand curve of 100 individual is PS(Q)=10-10Q. therefore the aggregate demand curve is Q=1000-100P
Kindly check the attached image below to see the step by step explanation to the question above.
<span>Products that customers consider essentials or necessities tend to have less elasticity than products viewed as luxury or discretionary. If a customer believes he needs a certain product for survival, quality of life, or pleasure, he is more likely to stretch a bit to purchase the item if the price goes up. On the contrary, a product viewed as optional is a less likely purchase as the price increases because the customer believes he can live without it.Customer OptionsThe more options a customer has to meet a particular functional or emotional need, the more elastic a product's demand. This is why a company with a monopoly has a huge advantage. Customers don't have options and feel compelled to buy from the given provider. In highly competitive industries, price differentials are usually less among competing brands because of the ability customers have to select lower-priced alternatives. A closely related factor is the cost of switching brands. Cell phone customers often wait to change providers to avoid penalties if they are obligated to service contracts.
</span><span />
