Answer:
a shortage would arise since quantity demanded would exceed the quantity supplied
Explanation:
The law of demand states an inverse relationship between price of a good and it's demand.
In the given case, per month rental for rooms has significantly reduced for students. This would result into an immediate increase in demand for the rooms. Now since, the rooms available are limited in number, a shortage would arise.
Owing to such a shortage, a possibility would arise wherein students who do not require such rooms may avail such rooms at $500 and subsequently let out the rooms to outsiders at anything below $900 thereby earning a profit.
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Unemployment
- define unemployment
- What results because of unemployment
- why does unemployment happen?
- when does unemployment happen?
- Who are the most unemployed people? Why?
- research information about unemployment
retrenchment
- define retrenchment
- what causes retrenchment to happen?
- How does retrenchment affect society
Globalisation
- define globalisation
- What happens during globalisation?
- Is globalisation a good or bad things? What does it impact?
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Answer:
Hello.
Explanation:
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Answer:
True
Explanation:
Off balance sheet items are transactions that generate fees for the business (such as guarantees), and to hedge against future loss (such as futures investments).
Meaning assets and liabilities that are deferred or contingent to business success.
I would think C. because A. would be cheaper prices, and B. is false, D. just does not sound right.