Answer:
There are four major OMEs manufacturer trucks for the North American market
Answer:
e.people will not change the quantity of the good when the price of the good is changed.
Explanation:
When the demand curve for a good is vertical, it indicates that the demand for the good is perfectly inelastic ; a change in price has no effect on the quantity demanded.
Goods with perfect inelasticity usually have no or little close subsituites.
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Answer:
shifts inward to the left and both intercepts will decline.
Explanation:
A budget line shows the various combinations an individual can purchase of two goods given an income level or budget.
When there is an increase in price, the number of goods that can be bought at all price levels decreases, there is a shift in the budget line to the left.
This is illustrated in the attached diagram. When price increases there is a shift from A'B' to AB
If Felipe gets his inheritance then he and Mary can clinch their deal successfully and according to the terms they have worked out so that he will owe her $99,000 and she will get this money and he will get presumably a nice house.