The given scenario is referred to as product bundle pricing.
Option E
<u>Explanation:
</u>
Product bundles consist of various individual products or services sold as a merged package to consumers. For particular, brand bundles consisting of complementary products or, less often, similar products are considered "package deals."
When retailers sell multiples of exactly the same items, it is usually called "a multipack," not a package of items.
For example, a stationary meal in a restaurant or a beach package that contains sunscreen, sand-sheets, towels, and flip-flops as just a product that can be purchased.
Many stores only market many stock products in a consumer package rather than as single or packaged pieces. The package generally costs less for retailers selling identical items separately and as part of a consumer bundle than if a buyer bought the items separately.
The actions of the consumers in buying more gasoline when prices drop is the<u> income effect. </u>
<h3>What is the income effect?</h3>
- It is one of the determinants of demand.
- When market prices drop or income rises, consumers have more money to buy more goods.
The price of gasoline dropped and this increased the relative income of consumers because they were able to buy more gasoline.
This is therefore the income effect.
Find out more on the income effect at brainly.com/question/1416285.
Answer:
64%
Explanation:
Commercial banks have been found to provide most of the credit needs of small businesses. So small business owners are more likely to get a loan from a commercial bank close to them.
Commercial banks however tend to be reluctant when the economy is stagnant. Mostly small businesses in an economy that is slow have challenges repaying loans collected.
However funds have been made available for small business and are made available primarily through commercial banks
Answer:
Yes
Explanation:
Yes, in such a situation the promise must be written and signed by both parties in order for it to be enforceable. This is mainly due to the fact that the promise is being made for circumstances regarding a third individual which therefore makes this a Collateral promise. Collateral Promises must be written and signed in order for it to take effect and protect all parties involved from backing out of the contract, which doing so would be considered fraud.
