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3 years ago

Explain the roles of demand and supply in changing gasoline prices after hurricane katrina and rita

1 answer:

7 0

In the immediate aftermath of hurricane Katrina and Rita, supply of gasoline was very low, as suppliers of gasoline,were unable to bring gas to the stations. This raised prices drastically as demand increased due to people fleeing the devastation.

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John was ordering orange cones to use for soccer drills during practices. If John decided to purchase cones now, he would buy 10

FrozenT [24]

The own-price elasticity of the soccer cones is -0.67

The computation of the own-price elasticity of the soccer cones is as follows:

We know that

The Elasticity of demand is

= (change in quantity ÷ average quantity) ÷ (change in price ÷ average price)

Here

Change in quantity = 14 - 10 = 4

average quantity = (14 + 10) ÷ 2 = 12

change in price = 3 - 5 = -2

average price = (3 + 5) ÷ 2 = 4

So,

The Elasticity of demand is

= (4 ÷ 12) ÷ (-2 ÷ 4)

= -0.67

Therefore we can conclude that the own-price elasticity of the soccer cones is -0.67

Learn more about the price elasticity of demand here: brainly.com/question/15313354

5 0

2 years ago

Ford Motor Corporation is considering purchasing new technology that will increase productivity by twenty percent. If Ford Motor

Alborosie

Answer:

E. The demand for loanable funds increases.

5 0

3 years ago

Through which method of involuntary alienation may the government take private land for public use?

Oduvanchick [21]

Eminent domain is the governments' power to take private land for public use.

Which of the following is an involuntary alienation of property?

Involuntary Alienation. Involuntary alienation is the transfer of real estate by law and without the owner's consent.
There are 4 methods by which this is accomplished: foreclosure, eminent domain, adverse possession, and by escheat.

Which of the following is an involuntary alienation of property?

A grantor does not wish to be responsible for defects in the title that arise from previous owners but will guarantee the title for the time the grantor has the ownership.

What is involuntary alienation ?

Involuntary Alienation. Involuntary alienation is the transfer of ownership without consent and control of the owner.

Learn more about Involuntary Alienation

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8 0

1 year ago

The project scope statement indicates that the client is responsible for training the people who will be using the equipment and

BigorU [14]

Answer:

its c

Explanation:

7 0

3 years ago

Describe at least three ways you will implement your project to soften the impact of the issue on the community

brilliants [131]

We can enumerate three ways on how we can implement the project that would soften the impact of the issue on the community. These three ways are enumerated below:
1. Understand the talent of the youth and discuss the proposed project that would help to their development. The benefit of this project is to divert the attention of the youth into a healthy lifestyle instead of being attractive into illegal drugs which are very common nowadays.
2. Discuss the projects by giving them the all the options that would benefit them rather than creating damage to their livelihood. Organize meetings and open forum.
3. Introduce to them the health impact of the project.

8 0

3 years ago