If you are in a car accident cause by someone else who also has insurance, the type of insurance plan that will not require you to pay out of pocket costs is liability insurance. If the car accident was not your fault and the person who caused the accident is also insured the claim should be paid by him under his coverage and your pocket will be safe as well as your insurance will not be affected.
<span>Having a nominal interest rate less than 0 would mean that a depositor pays a bank to hold its money. If the annual nominal interest rate is negative 1 percent, a deposit of $1000 dollar would come out $10 dollar short the following year which is why someone with dollar bills will never agree to loan with a nominal interest rate that is negative percent.
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Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.
How a change in price impacts consumer demand is assessed using the price elasticity of demand.
A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).
Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).
The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.
You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.
Learn more about price elasticity of demand here.
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Answer: 30%
Explanation:
The the percent increase or decrease for current assets will be:
= Increase in current asset / Old current asset × 100
= (13000 - 10000) / 10000 × 100
= 3000/10000 × 100
= 30%
Therefore, the Percent increase in he current asset is 30%
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.
