Homeowners insurance covers loss of a home caused by which of the following two factors? fire inability of owner to pay mortgage
2 answers:
You might be interested in
A perfectly competitive market is a market where there are many buyers and sellers of identical goods. The price of a good is determined by market forces. This means that price is determined at the intersection of the demand curve and supply curve for a good.
If a seller attempts to set the price for his good, the demand for his good will fall to zero as consumers would patronise other sellers who sell identical goods at a cheaper price. This means that the demand for goods in a perfectly competitive firm is perfectly elastic. Thus, the demand curve is horizontal.
Please find attached a graph that contains the answer. To learn more, please check: brainly.com/question/22698976
