Answer:
a. Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.
Explanation:
Dead weight loss created by a quantity exchanged that is less than the equilibrium quantity .Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.when the total surplus is larger at the equilibrium quantity and price than it will be at any other quantity and price. Deadweight loss is loss in total surplus that occurs when the economy produces at an inefficient quantity.
A person may choose to rent instead of buying a property as they can't afford a down payment
Answer:
$13,186.84
Explanation:
Use the Time Value of Money Techniques to Solve the Problem
Pv = $53,000
N = 5
i = 7.75 %
Fv = $ 0
P/yr = 1
Pmt = ?
Using a Financial Calculator, the annual loan payment (Pmt) is $13,186.84.
