Answer:
Progression
Explanation:
The principle of the progression in the real estate states that the value of the property owned by a person will be increased if there are nice and highly desirable homes are present in the neighboring area.
Conversely, the value of the property owned by a person will be decreased if there are as normal and not nice and highly desirable homes present in the neighboring area.
<u>Thus, Progression explains why the women paid more than the man as she purchased the home in highly desirable neighborhood.</u>
Answer:
Dividend.
Explanation:
The managers of Mandy's Muffins, Inc., decide to distribute the profits to the corporation's shareholders are known as a <u>dividend.</u> A dividend is a part of the profits and retained earnings of the company that shared among its shareholders. The value of the dividend is determined on a per-share basis and is to be shared among the shareholders equally of the same class.
In economics, if a good is inelastic, then <u>its supply or demand is not sensitive to price changes.
</u>
Changes or fluctuations in market prices does not affect the supply and the Demand of inelastic goods.
<h2>Further Explanation;
</h2>
- Inelastic goods, are types of goods whose demand and supply is not affected by changes in market prices. That is an increase or decrease in market price does not affect their supply or demand.
- When the price of an inelastic good changes, its supply and demand is unaffected.
- Examples of such goods include, water and food. Therefore, for inelastic goods, the consumer buying strength and habits remain the same.
<h3>Demand and supply in determination of market price
</h3>
- Demand refers to the quantity of goods or services that consumers are willing and able to buy at a particular price while supply is the quantity of goods or services that suppliers are willing to supply to the market at a particular price.
- One of the factor that determine market prices are the forces of demand and supply, this is based on the ability and willingness of buyers and sellers to undertake selling and buying.
- Buying and selling occurs at an equilibrium price that is agreed upon by sellers and buyers.
- This means the sellers and buyers are willing to exchange a certain quantity of a commodity at this price. Thus, price depends on the demand and supply in the market.
- However, for <u>inelastic goods</u> such as water and food, the consumer has no option than to buy them at existing prices since they are necessity goods.
Keywords; Inelastic goods, demand and supply, market price.
<h2>Learn more about:
</h2>
- Demand and supply; brainly.com/question/6749722
- Effect of supply and demand on market price: brainly.com/question/3522474
Level; High school
Subject: Business
Topic: Demand and supply
Sub-topic: Types of goods
Woodrow Wilson was really one of the first major economically liberal presidents in the sense that he was proactive in fighting trusts, inflation, and corruption in big business.
Analyzing the scenario, the new and the large company can control all prices and services provided, generating a monopoly situation.
<h3 /><h3>What is monopoly?</h3>
It is a market situation where a company controls the market, being the entity responsible for establishing the price for a good or service, characterizing a situation of imperfect competition.
Therefore, in the monopoly market, consumers are harmed because they do not have the right to choose which products or services they want to consume, in addition to the fact that the price charged may be higher in a situation of perfect competition.
Find out more about monopoly here:
brainly.com/question/13113415
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