When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result.
A remedy at law is monetary damages
Answer:
The amount might exclude $18,200 from the Gross Income.
Explanation:
The gross income is the amount which the person earn or gain before anything is taken out or deducted for the taxes or the other deductions.
So, in this case, the Gross income is as follows:
The person received the scholarship worth $28,000, out of which he spend $16,800 on tuition, %5,600 on room, $4,200 for the personal expenses and $1,400 on books and supplies.
From all the expenses which will be excluded from the Gross Income are the amount of fees and the amount spent on books and supplies as these are required for the course.
So, the amount which is excludable from Gross Income is:
Amount which is excludable = Tuition + books
= $16,800 + $1,400
= $18,200
Answer:
competition-oriented
Explanation:
Four common approaches to selecting an approximate price level are (1) demand-oriented, (2) cost-oriented, (3) profit-oriented, and (4) competition-oriented approaches
