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.
Answer:
Compensatory Damages
Explanation:
Based on this scenario it can be said that Donald is entitled to Compensatory Damages. This is a lawsuit that covers the loss that the non-breaching party incurred as a result of the breach of contract. In this scenario, Donald's employer breached the contract by firing Donald before the twelve months. Therefore Donald can sue for compensatory damages which would be the amount of money that he would have made in the rest of the twelve months.
Answer:
$20.29
Explanation:
The computation of the today share price is shown below:
= Next year dividend ÷ (Required rate of return - growth rate)
where,
Next year dividend
= $2.20 + $2.20 × 3.75%
= $2.20 + 0.0825
= $2.2825
The other items values would remain the same
So, the today price would be
= $2.2825 ÷ (15% - 3.75%)
= $2.2825 ÷ 11.25%
= $20.29
Examples of some of the most prominent hard currencies are listed below: The U.S. dollar (USD) The euro (EUR) ... The Australian dollar (AUD)