In which of the following occupations is the demand for labor likely to be elastic? (A) An occupation in which technical progress is continually developing inexpensive labor-saving techniques
(B) An occupation which produces a product with inelastic demand
(C) An occupation belonging to a labor intensive industry
(D) An occupation where labor costs from a small proportion of total cost

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

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consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.