The correct answer is a Credit Union.
Credit Unions are able to charge lower rates than a bank because of their structure. Banks are set up as a for-profit business, so they charge more in order to make themselves more profitable. Credit Unions are set up like cooperatives where the customers own them, or like a non-profit organization. This allows Credit Unions to charge lower rates. Additionally, the Credit Unions normally distributes the profit back to the customer.
Most of the time rent is cheaper then a mortgage.
<h3>What is an demand?</h3>
An elastic demand or elastic supply is when the elasticity is greater than one, indicating a high responsiveness to changes in price. An inelastic demand or inelastic supply is when the elasticity is less than one, indicating low responsiveness to price changes. With that said:
a. Price of widgets = $8
Total revenue = P*Q = 8*12 = $96
Price = $7
Total revenue = 7*16 = $112
Fall in price leads to rise in total revenue, it means demand is elastic.
b. Price = $7 maximimes the total revenue. Total revenue when price = $7, total revenue = Price x quantity= $7 x 12 = $112.
c. When price is equal to $9, Demand is elastic. So there should be a decrease in price in order to increase total revenue.
d. Price elasticity of demand = ((96-112)/(112+96)/2)) ÷((8-7)/(8+7)/2)) = -2.14
Elastic demand
e. When price=$6, Quantity=18
When Price=$5, Quantity= 20
Price elasticity of demand = ((20-18)/(20+18)/2)) ÷ ((5-6)/(5+6)/2)) = - 0.58
Inelastic demand
f. Total revenue fall from $108 to $100 when price falls from $6 to $5.
See more about economy at: brainly.com/question/2421251
#SPJ1
The correct answer to this open question is the following.
It is correct to say that in the period 1of 750-1900 CE, new political ideologies emerged as the world became more modern, industrial, and enlightened.
The Enlightenment impacted the development and course of revolution(s) around the world in that many brilliant thinkers and philosophers of the Enlightenment came up with novel ideas about new forms of government, citizens' rights, social contract, equality, liberty, and private property.
Philosophers like John Locke, Thomas Hobbes, Voltaire, Jean-Jaques Rosseau, and Baron de Montesquiou, were some of the brilliant men than influenced the founding fathers of the United States and the Revolutionary War, as well as the French Revolution or the Independence of México.
For instance, many ideas of the Enlightenment influenced the founding documents of the US such as the Declaration of Independence. For instance, the people's right to be free by its own nature. People born free and their liberty is sacred. Another Enlightenment idea is the power of people to be governed by the right kind of people and citizens can decide to remove them. And of course, the responsibility of the government to protect its citizens.
