Answer:
an price ceiling
atau equilibrium price
I'm sorry ya kalo jawaban nya salah
Answer: low: higher
Explanation:
<em>A buyer always wants to pay a price that is as </em><em><u>low</u></em><em> as possible, but never </em><em><u>higher</u></em><em> than the buyer's willingness to pay.</em>
As a way to save costs, a buyer will always seek to pay the lowest price they can possibly pay for a good or service. This is why some buyers negotiate prices and seek trade discounts.
Buyers will however have in mind a maximum price that they would be willing to pay. This is called their willingness to pay and it is a threshold that they would not want to exceed. If a good's price is higher than their willingness to pay, they will not buy the good.
A $5,000 decrease to the comparable selling price is the answer.
If the adjustment for the third bedroom is 5000, then the adjustment should be done by subtracting 5000 from the similar selling price, and the price to compare will be a better price.
In the case of a sales appraisal model, It is constantly attempted to increase or reduce the similar selling price, and therefore will be attempted to decrease the comparable selling price by $5000.
Land valuation, property valuation, or real estate appraisal refers to the process of determining the market worth of a home or real estate.
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Answer:
Escalator clause
Explanation:
A section in a contract that ensures that providers of goods and services do not encounter unreasonable financial hardship as a result of uncontrollable increases in the costs of or decreases in the availability of something required to deliver products to customers is referred to as an <u>escalator clause.</u>
Escalator clause: It is a legal clause that allows automatically an increase in the wage or price. These clauses are kept in a contract under certain conditions. It ties the price or wages with the inflation rate, which protects the buyer and seller from loss. It also controls the price of goods and services.
Answer:
The correct option is B. Lower the price because demand for the good is elastic.
Explanation:
Own price elasticity of a product can be described as the degree of the responsiveness of the quantity demanded of a product to its own price.
Own price elasticity of a product can be calculated as the percentage change in the quantity demanded of a product over the percentage change in the price of the product.
When the own price elasticity of a product is greater than 1, it implies that the demand for the good is elastic and that the percentage change in the quantity demanded is higher than the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to lower price.
When the own price elasticity of a product is less than 1, it implies that the demand for the good is inelastic and that the percentage change in the quantity demanded is lower than the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to increase price.
When the own price elasticity of a product is equal to 1, it implies that the demand for the good is unitary and that the percentage change in the quantity demanded is equal to the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to leave the price unchanged.
Since the own price elasticity of the product which the firm manufactures of 3.5 is greater than, it implies that based on the explanation above the correct option is B. Lower the price because demand for the good is elastic.