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Lender can either be described as a financial institution, non-public firm and insurance provider etc, who Added benefits borrower with particular total with arrangement of having to pay certain amount of interest.
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Issue one. Define and explain the time period ‘selling price elasticity’. Together with reference to two various goods, just one which has a price tag inelastic demand from customers curve and A different rate elastic demand from customers curve, illustrate the industry value and quantity of The 2 items with reference into the need curve. (forty five%)
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