It is True that China and the United States account for the nearly half the increase in the world oil demand.
Answer:
<u>Predatory</u>.
Explanation:
This predatory pricing strategy is used when a company aims to create entry barriers for new competitors, significantly lower the price to gain new customers and drive competitors away. The cons of this strategy is that in addition to being illegal, lost revenue is not always recovered, and there are other factors that drive competitors away, not just price.
Answer:
Equitable relief
Explanation:
Equitable relief is defined as a remedy provided by a court that requires a party to act or prevents a person from acting.
It is usually granted in relation to contracts that have been breached.
When equitable relief is sought there is no monetary compensation, rather the plaintiff is requesting the court to ensure an action is performed.
In this instance Andrews and Bates have a written contract in which Bates promises to sell Andrews a piece of real estate. When Bates refuses to fulfill his obligation Andrews can seek for equitable relief from the court.
Forcing Bates to sell the piece of real estate as agreed in the contract.
Answer:
C
Explanation:
When two goods are perfect substitutes, the smallest price increase in one of them will cause the demand to drop to 0 for the increased price item.
Now, this says that all the quantity of Y goes directly to X, if there were another perfect substitute, say Z, what is not consumed in Y would be divided between X and Z. But in this case all the quantity of Y goes directly to X,
