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inysia [295]
3 years ago
7

PLEASE HELP

Business
1 answer:
erma4kov [3.2K]3 years ago
8 0
A I believe is the correct answer
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Which is the best option for people who need the items immediately but cannot pay cash now? choosing installment plans for both
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A. choosing installment plans for both items

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At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says th
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No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same.

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For $15 per book, the quantity demanded was 4 books per month.

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This shows a decrease in the quantity demanded. A change in demand occurs when the price is constant and quantity demanded changes because of change in other factors. But here the other factors are constant and the quantity demanded is changing due to a change in price.

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The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.

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Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.

So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.

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A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has
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