Answer:
Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for. In a consumer market examples are usually very clear to identify.
Answer:
B. the percentage change in the quantity demanded divided by the percentage change in price.
Explanation:
The formula to compute the price elasticity of demand is shown below:
= (Percentage change in quantity demanded ÷ Percentage change in price)
where,
The Percentage change in quantity demanded equals to
= (New quantity - old quantity) ÷ ((New quantity + old quantity)
And, the Percentage change in price equals to
= (New price - old price) ÷ ((New price + old price)
Money demand refers to <span>how much wealth people want to hold in liquid form.
Liquid form, liquidity, is referring to spendability regarding money spending from a companies assets. When talking about money demand, this is the wealth a person or business has on hand during any given time and how you want to proceed with the money you have on hand.
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Does it matter that the helicopter company <em>performed its obligation</em> under the contract?
- Yes, it does matter because they had a legally binding agreement.
<h3>What is a Contractual Agreement?</h3>
This refers to the legally binding document which two parties attest their signature to about an agreement for a particular thing with the terms clearly stated.
With this in mind, we can see that Claire who was involved in a car accident needs to go to a hospital in another state for better treatment for her injuries and she signs a contractual agreement that she would pay for the helicopter expenses.
In light of this, the argument which Claire can make to rescind the agreement is that her life was in danger and she needed the services of the helicopter company which had her Universal Right to Life.
Read more about contractual agreements here:
brainly.com/question/984979
