Answer:
Suggests that these are substitute goods
Explanation:
Demand cross elasticity measures the percentage change in the quantity demanded of a good given a percentage change in the price of another substitute good. Thus, the calculation of elasticity being 2, suggests that a percentage increase in the price of one store will increase the demand for products of the other store. In other words, a 1% increase in the price of one store will cause consumers to buy two units in the other store, replacing the store product whose price has increased.
Answer:
Another possible explanations for Jorge's finding is that <u>the wind vane on the rooftop of the opposite building might be faulty.</u>
This is because, a faulty wind vane would not be able to give a correct reading (direction of the wind ) hence the reason why the wind vane is rotating in different directions.
Explanation:
Answer:
Option A, mortgage payments
, is the right answer.
Explanation:
A long-term loan which is intended to help us buy an apartment or house is called a mortgage. Our principal and interest payment made the mortgage payments. A borrower has to pay more interest in the early phase of the mortgage, however, the later phase of the loan values the principal balance.
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