<span>Chris may be able to recover money from the courts on the basis of quasi contract. A quasi contract is an obligation of one party to another imposed by law independently of an agreement between the parties.</span>
The market clearing price is the price that balances the amount buyers want to buy with the amount sellers want to sell. This price balances the amounts demanded and supplied. The "market clearing price" is most closely associated with market equilibrium, because it exists when a market is clear of shortage and surplus, or is in equilibrium, when the demand curve and supply curve intersect.
Answer:
<em>Flat </em>
Explanation:
<em>Flats </em>are painted flat piece of theatrical scenery. It is positioned on the stage to give appearance of various backgrounds. Flats are hard covered and soft covered. Usually flats are built in standard size of 2.4 m, 3.0 m and 3.7 m. They are also kept at the sides of stage, when kept at sides it is called wings. Flats are made of wood.
Answer:
$3,168
Explanation:
We will receive $4000 in future (after 4 years time) which means all we want to know is the amount that we Derek must deposit today.
This present value of the $4000 payment received after 4 years from today can be calculated using the following formula:
Present value = Future Value / (1 + r)^n
Here
Future Value is $4000
r is 6%
n is 4 years
So by putting values, we have:
Present value = $4000 / (1 + 6%)^4 Years
Present value = $3,168
Answer:
d. 0; unrelated.
Explanation:
Cross elasticity of demand is the degree of responsiveness of demand for a particular product to a change in the price of another product.
A change in price of a product will lead to a change in demand for another product if the two goods are either goods of close substitutes or if they are complements. If two goods are not related, the change in price of one will not have any impact on the demand for the other good.
In this question, the cross elasticity is zero because biro and pencil are not related.
