Answer:
D. the greater the availability of close substitutes.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Goods that are inelastic in demand are usually consumer-essential goods for which there are few substitution options, such as a cancer drug. On the contrary, elastic goods are those whose price variations diminish the demand for a range of substitute goods. For example, if the price of rice goes up, people may demand spaghetti, which is a substitute good.Therefore, goods with a large number of substitutes tend to have price elastic demand.
Answer:
Explanation:
Within a community, the social interactions you have can highly impact your mental and physical health. Research shows that many mental and physical health conditions, including anxiety, depression, ADHD, substance abuse, aggressive behavior, asthma, heart disease, and obesity, relate to your particular environment.
Answer:
Prince Edward Island
Prince Edward Island is the most densely populated province in Canada. Canada is the second largest country in the world after Russia.
Answer:
college undergraduates are not typical of the public at large
Explanation:
Answer:1)Collateral:This is an asset a lender or accepts from a borrower as a security for a loan, incase the borrower does not pay back the lender can take the collateral.
2)Repayment schedules:This is a document that contains the specific terms of a borrower's loan such as monthly payment,interest dates due dates e.t.c.
3)Annual percentage rate(APR):This is the interest rate for a whole year.It is an interest charged to borrower's and paid to investors.
4)Difference between secured loan and unsecured loan:A secured loan is a loan that is connected or protected with a piece of collateral while an unsecured loan is a loan that is not protected with any collateral.
5)Rights when using credit cards:The right to ask for a credit report,The right to have inaccurate information removed or corrected,The right to accurate billing statements,The right to advance notice for any changes.
Explanation:
