BRAINLIEST REWARD No doubt you’ve seen television commercials advertising payday loans. For this discussion, I want you to summarize payday lending using a single word. Then, in a brief paragraph, explain your word choice. Answer in your own words.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

Because the demand for wheat tends to be inelastic. true or false

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?