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maks197457 [2]
3 years ago
9

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

Business
1 answer:
sp2606 [1]3 years ago
7 0
<span>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.</span>
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The market price people are willing to pay for a unit of a particular commodity is determined by A. the sum of average and margi
kkurt [141]

People are willing to pay for a unit of a particular commodity is determined by Marginal utility.

Explanation:

Marginal utility (MU) is characterized as the additional utility obtained from the use of one additional unit of a good or service, or the increased use of an increased unit by an entity.

Economists use the idea of marginal utility to assess how much of an item consumers can purchase. Positive marginal utility happens when the consumption of an additional item increases the total utility, while negative marginal utility occurs when the consumption of an additional item reduces the total utility.

8 0
3 years ago
DDX Co. is a short-haul trucking company. Juan owned 1,000 shares of DDX stock. With research, he found a better investment oppo
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Answer and Explanation:

This is an example of corporation. Corporation is a legal entity wherein it goes public and offers its shares for ownership and trading in the primary and secondary market. Corporation is public limited company and has a board consisting of executives and CEO. Whereas, the shareholders do not interfere with the management decisions they are only concerned with their dividends.

In this case, Juan owned 1000 shares of DDX. DDX is a corporation because it is able to offers its shares to the general public and allows trading of shares for ownership.

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3 years ago
Unidice, an information technology firm, recently installed a new data system that provides seamless access to data. This data s
IceJOKER [234]

Answer:

first-mover advantage

Explanation:

First-mover advantage refers to the strategic advantage achieved by the first company that occupies a market segment. In order for a company to gain first-mover advantage it must be the first company to enter a market or at least be the first company to gain competitive advantage in that market.

Unidice is the first company to gain competitive advantage in the data system market because its processing speed is much higher than its competitors.

Sometimes you don't need to be the first one to enter a market, but you need to be the first one to do things right. For example, Microsoft introduced the Surface tablet almost a decade before Apple introduced the iPad, but Apple did it right, therefore Apple gained first mover advantage.

6 0
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Are unemployment taxes based on wages of an employers payment history?
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4 years ago
What should you do 10 to 15 minutes before a webinar begins?
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Go to the bathroom, get a glass of water and review you topics.
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