Answer:
Demand for products sold at a store in a neighborhood with other stores is probably elastic
Explanation:
A demand is considered as 'Elastic' if a change in price of the product would strongly affect the quantity of the demand.
Competitors who offer similar products than your organization tend to reduce the amount of demand that come to your store. Existence of competitors give the consumers the options to choose and move around in order to seek the best offers that they can.
As a result, the shoe stores in Joey's neighborhood will have to constantly adjust their price in order to make their products seems appealing compared to the rest of the competitors. This make the demand in Joye's store keep fluctuating depending on the performance of other competitors.
1.00000 CNY = 0.14418 USD
20 CNY == 2.88 USD
Nowadays, the name "Yuan" typically refers to the main unit of the People's Republic of China's currency, the renminbi (RMB). [Banknotes in RMB range in value from one Yuan to one hundred Yuan. Particularly in international contexts, it is also used as a synonym for that money; the ISO 4217 standard code for the renminbi is CNY, which stands for "Chinese yuan." (Using sterling to refer to British currency and the pound as the unit of account is a similar situation.)
Yuán literally means a "round thing" or "round coin" in Standard (Mandarin) Chinese. A silver round coin known as the yuan was used throughout the Qing Dynasty.
To learn more about Chinese yuan from the given link.
brainly.com/question/14350438
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Answer: Costs associated with obtaining the loan.
Closing costs for the buyer refers to the cost of taking out a home loan and costs associated with owning a home.
Costs of taking out a home loan include costs of origination, processing the home loan and the cost of home inspection, cost of credit report etc.
Costs of owning a home include home insurance, pest infection fees, home owner’s association fees etc.
The chart lists taxes and origination fees separately. Hence the item ‘costs associated with obtaining the loan’ will also be referred to as closing costs
.
