Answer:
The correct answer is option A.
Explanation:
A decrease in the demand for a product will cause the demand curve to shift to the left. At the same time, an increase in the supply of the product will cause the supply curve to shift to the right.
In such a situation the change in the equilibrium quantity cannot be predicted. It depends on the magnitude of change in demand and supply.
If the proportionate decrease in demand is more than the increase in the supply of the product, the equilibrium quantity will decrease.
If the increase in supply is more than the decrease in demand, the equilibrium quantity will increase.
If the proportionate increase in supply is equal to a proportionate decrease in demand, the equilibrium quantity will remain the same.
Let x = the price of the car that Olivia can afford.
Down payment = $2,500
Remaining amount to be financed is P = x - 2500.
Total payments should equal the monthly payments.
The total payment over 4 years (48 months) is
A = $185*48 = $8,880
The rate is r = 4.9% = 0.049.
The compounding interval is n = 12.
The time is t = 4 years.
The amount financed is P = $(x - 2500).
Therefore
(x - 2500)(1 + 0.049/12)⁴⁸ = 8880
1.216(x - 2500) = 8880
x - 2500 = 7302.63
x = 9802.63
Olivia can afford a car priced at $9,802.63.
Answer: $9,802.63
Entrepreneur is a person who is willing to bear risks to gain profits.
1) risk bearing
2) innovative
3) personality
They assume that no one outside of their family would be interested in helping them
Answer:
The correct answers are letters "D" and "E": Separately; At your request.
Explanation:
Business writing must be <em>clear, concise, </em>and <em>objective</em>. Most business messages are addressed to top managers who do not have the time to be asking for grammar clarifications in reports. Thus, <em>hidden verbs, redundancy, wordy and stale expressions </em>or <em>exuberance</em> must be avoided.
Fresh, vigorous expressions include "<em>Separately</em>", "<em>About</em>", "<em>Enclosed is</em>", "<em>At your request</em>", "<em>Please</em>" or "<em>Thank you</em>".
