The answer is B: compound interest
Steven's income elasticity is 0.83
<h3>How to calculate the income elasticity ?</h3>
Income elasticity can be described as the change in the quantity demanded by the change in the income
Steven's income decreased from $1800 to $1200
His trips also decreased from 15 to 10
The Income elasticity can be calculated as follows
= 15 -10/(1800-1200) × 100
= 5/600 × 100
= 0.00833 × 100
= 0.83
Hence the income elasticity is 0.83
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The
parties' intent.
An agreement is a legitimately authoritative understanding.
Once an offer has been acknowledged, there is an understanding, yet not really
an agreement. The component that changes over any agreement into a genuine
contract is "expectation to make lawful relations". The courts look
for confirm that the gatherings to the understanding expected that it ought to
be administered by, and subject to, the law of agreement; with the goal that
the agreement offers ascend to lawful outcomes. Each gathering consequently
receives a legitimate commitment, and each may look for a cure in case of
rupture.
Answer:
Market
Explanation:
A market is an arrangement that allows buyers and sellers to exchange goods or services . In market arrangement ,a group of buyers and sellers of a good or service ant the institution or arrangement by which they come together to trade
