<u>Solution and Explanation:</u>
Since interest rate is the cost of borrowing, lower interest rate decreases the cost of borrowing for housing mortgage, which increases demand for housing.
It is very much clear from the demand and interest rate have a certain relationship. If the interest rate on a particular amount is lower then the customers will try to get more amount as the cost on such amount will be less which means the burden on the customers would be lower.
Answer:
what's your question on it?
That statement is False
Even though is true that export supply is a portion of the domestic supply, but the moment there's an export of products, the curve will curve above the no-trade equilibrium price ( which only stated the equilibrium price when there's no international trade)
Answer:
B. $544,000
Explanation:
Given: Sales: $480000.
Contribution margin ratio= 25%
net loss= $16000.
Break even point: It is point in business where profit is equal to expenses of the business.
Now, finding the fixed expense.
Fixed expense= 
⇒ Fixed expense= 
⇒ Fixed expense= 
∴ Fixed expense= 
Next, computing the break even point
Sales to Break even point= 
⇒ Break even point= 
∴ Break even point= 
Hence, the break even point was $544000