The answer is c because 6 can go in to 30000 evenly
Gray purchases a home from black. gray will pay $700 a month, and a balloon payment and title transfer will take place in five years. this is a contract for deed.
A contract for deed which is sometimes called as an installment purchase contract or installment sale agreement, is a real estate transaction in which the seller finances the purchase of the property rather than a third party such as a bank or credit union or any other mortgage lender does.
It is often used when any buyer does not qualify for a conventional mortgage.
Contracts for deed are a financing option for property transactions between family members or friends. Some nonprofit housing organizations also use them to help the low income families in finding a path to homeownership.
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The statement "Eventually, when the price of the phone fell to $300, demand for the product increased and profits began to soar." describes an equilibrium in supply and demand.
<h3>What is an equilibrium in supply and demand?</h3>
This refers to a situation whereby there is a balance in market supply and demand balance which as a result prices become stable.
Because there is a fall in phone price made the demand for the product increased and profits began to soar, this is an example of an equilibrium process.
Therefore, the Option C is correct.
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Answer:
b. intense rivalry among competitors.
Explanation:
In the market place competitors exist trying to gain an upper hand over each other. They do this by adopting a strategy that will give them an edge over the other firms.
Some examples of strategy used by competitors to get ahead include differentiation strategy and price leadership strategy.
In the given scenario one gas station lowers its price a penny. Because of intense rivalry between competitors they did not allow the gas station maintain the price advantage.
Rather the station on the other corner of the intersection lowers its price, followed by the gas stations on the next block, and so on, until nearly every gas station in town has lowered its price.
