Answer:
D
Explanation:
Scarcity is the basic economic problem that happens because people have unlimited wants but resources are limited.
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Answer:
The correct answer is letter "A": Shop for a mortgage.
Explanation:
After setting up a budget and starting a housing fund, reviewing your credit report and ratings, and saving a certain amount of money to make it possible to purchase a house, the next step implies mortgage lender pre-approving a loan. It gives you an idea of how much money a bank will authorize to lend you to buy the property. Therefore, after this and finding a Real Estate agent, you can <em>start checking which houses are available for purchase according to what is affordable for you.</em>
Answer:0.63; rises
Explanation:
As the price of good X rises from $1.50 to $1.75 the result is a decrease in the quantity demanded of good X from 650 units to 590 units. The price elasticity of demand for good X is _____0.63________ and total revenue _____rises_____ as the price of good X rises from $1.50 to $1.75.