The amount of mortgage a person is eligible for will be larger when there is lower interest rate.
<h3>What is a mortgage?</h3>
This refers to an agreement that exist between a lender and a borrower in which a lender can take over the borrower's properties incase of any default in payment.
A mortgage is like a loan, obtained by a borrower with a promise to pay at a future date.
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Answer:
D, all of the above.
Explanation:
Because of the internet, we have online shopping apps, educational websites such as Google Classroom, and means of advertising one's business online.
Answer:
Luis can be classified as actively engaged.
Explanation:
Members of an organization can be classified according to their level of engagement with the organization:
- Actively Disengaged
- Actively Engaged: employees that perform their work with passion and are emotionally attached to the organization.
- Not Engaged
Answer:
False.
Explanation:
Elasticity of demand is a measure of the responsiveness of changes in demand to change in price.
The value of elasticity shows type of good. Negative elasticity indicates that a good is inferior, and people will buy it when their income is low. But once income rises they will buy more luxurious goods. That is not the case here as elasticity is positive.
When elasticity is positive the good is a normal good and increase in income will result in increase in amount demanded of the good.
In the scenario give a positive elasticity of 0.45 should result in higher consumption among higher income people than lower income people.