Answer:
Demand for luxury cars will decrease massively today.
Explanation:
Demand for Luxury items is highly Elastic (>1). This means that quantity demanded will respond proportionately higher to price change.
Future Expectations about price also determine demand.
- If prices are expected to fall in future, demand will decrease today (postponed at future lower prices). If prices are expected to rise in future, demand will increase today (reduced at future higher prices).
- However its important that these are not necessity goods, whose consumption urgency makes their demand inelastic i.e less respondent to price.
So : Luxury Cars having Elastic Demand, coupled with future lower prices & better credit facilities - will reduce their demand massively today, as it's expected to be highly demanded in future period rather than current period
D. POLITICAL ACTION COMMITTEES are private organizations that are created to raise and distribute campaign money to candidates for political office.
It is generally formed by individuals, corporations, labor unions, trade associations, and other organizations that channels the voluntary contributions they raise to the candidates for elective office.
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In a case whereby creden follows all procedural steps in conveying his property to adam. however, the deed does not state what type of interest is transferred to adam, the type of estate does adam own is A life estate, if that is what they agreed upon.
<h3>What is a life estate?</h3>
A life estate can be described as the estate that is been created by a deed that gives the land to the person "for life.
It should be noted that in this type of estate then there is usually the identification of what should happen to it after that person dies.
Therefore, the second option is correct.
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missing options:
A conditional estate, since there is a discrepancy.
A life estate, if that is what they agreed upon.
Fee simple absolute is presumed, since the deed does not state otherwise.
Either a fee simple absolute or a life estate.
The statement that provides the financial position of a company as of a specific date is the balance sheet.
<h3>What is a statement of financial position?</h3>
A balance sheet is often known as a statement of financial situation. It serves as a summary of a company's financial situation at a specific moment.
A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement. One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
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