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lisov135 [29]
3 years ago
12

In 1973 Arab countries imposed an oil embargo on the United States and other developed countries in the aftermath of the Yom Kip

pur war. At the same time improved infrastructure and increased income was altering consumer preferences in favor of automobiles over public transportation. If you were drawing a supply and demand graph to illustrate the change in the gasoline market in 1973-1974, what would you say has happened to the supply and demand curves and the equilibrium price and quantity during this time period?
a. The demand for gasoline will decrease shifting the curve to the left while the supply curve shifts to the right. As a result the equilibrium quantity will increase but it is impossible to pinpoint the equilibrium price change.
b. The demand for gasoline will decrease shifting the curve to the left while the supply curve also shifts to the left. As a result the equilibrium price will increase but it is impossible to pinpoint the equilibrium quantity change.
c. The supply of gasoline will decrease shifting the curve to the left while the demand curve shifts to the right. As a result the equilibrium quantity will increase but it is impossible to pinpoint the equilibrium price change.
d. The supply of gasoline will decrease shifting the curve to the left while the demand curve shifts to the right. As a result the equilibrium price will increase but it is impossible to pinpoint the equilibrium quantity change.
Business
1 answer:
BaLLatris [955]3 years ago
3 0

Explanation:

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3 years ago
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Which of the following is one effect of a purchase of $600 of supplies on credit? Select one:
Norma-Jean [14]

Answer:

d. It would increase liabilities by $600

Explanation:

Supplies are part of inventory, and when inventory is purchased it increases assets.

But is it purchased against cash then there is no change as assets in the form of cash is reduced by same.

Further, if these are purchased on credit then the balance of liabilities increases as the increase in liabilities and increase in assets keep the balance sheet equation matching.

Thus, purchasing on credit will increase the liabilities.

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3 years ago
______is the satisfaction or value people extract from consumed services or goods and those derived from pursued activities. A.
Mars2501 [29]

Answer:

utility

Explanation:

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7 0
3 years ago
Consider the all-units quantity discount schedule below. Quantity Ordered Price Per Unit EOQ at that Price 1-499 $300 952 500-99
UkoKoshka [18]

Answer: B. 1023, 1500, 2000}

Explanation:

The Optimal solution should contain the set of quantities that would require the lowest no. of orders to achieve a discount in a class.

1,023 is quite close to the lowest amount required of 1,000 in the 1,000 to 1,499 range.

So are 1,500 and 2,000.

Option D can also work but it has too many order quantities and will inflate the price.

The Optimal Solution therefore has to be from this option.

5 0
3 years ago
You expect KT industries​ (KTI) will have earnings per share of $ 6 $6 this year and expect that they will pay out $ 1.25 $1.25
Hatshy [7]

Answer:

$8.93

Explanation:

The payment made to the stockholders is known as dividend.

Price of the stock can be determined by calculating the present value of all future expected dividends using cost of capital.

In this question $1.25 per share dividend is paid and rate of return / cost of capital is 14%, so price of stock will be calculated as follow.

Price of the share = Dividend / Cost of Capital = $8.93

Price of the share = $1.25 / 14% = $8.93

5 0
3 years ago
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