The answer is the Real Estate Settlement Procedures Act or
RESPA. This act was intended to defend possible property holders and allow them
to become more intelligent consumers. RESPA necessitates that creditors provide
bigger amounts of information to potential borrowers at certain points in the
loan settlement process. It also forbids the innumerable parties involved from
paying kickbacks to each other.
Answer:
This is a situation of derived demand. The demand for electronics is derived from that of rare earth metals.
So if the price of extraction of rare earth metals increases, supply will not meet demand, prices of rare earth metals will go up.
Since demand for electronics is derived from that of rare earth metals, the price of electronics will go up to accommodate the price change of the rare earth metals.
Explanation:
Answer: Belinda sends an email to Equador offering to sell her entire entertainment set to him for $2,500. Equador responds that the price seems a bit high and offers to buy the entertainment set for $2,000. Equador’s response is considered a <u>counteroffer.</u>
Explanation: A counter offer is an offer that improves or modifies another already submitted by the competition or the contrary in a negotiation.
In this case, Belinda makes an offer to Equador and since Equador seems like a very high price, it responds with a Counter Offer by modifying the initial offer in its price.
