Answer:
Quantity of oil bought & sold would depend upon relative change i.e increase & decrease in demand & supply respectively.
- ↑Dd = ↓Sy : Qty same
- ↑Dd > ↓Sy : Qty ↑
- ↑Dd < ↓Sy : Qty ↓
Explanation:
Libya is an exporter of Oil to China. It implies china's demand for oil is satisfied by Libya's imports.
Usual markets are at equilibrium when market demand = market supply, demand & supply curves intersect.
Political unrest in Libya decreasing oil production, would decrease supply (exported) of oil to China & sift supply curve leftwards. Simultaneously, increase in China demand for oil would shift the demand curve rightwards. These changes in demand, supply would create excess demand. Excess demand would cause competition among buyers & increase the new equilibrium price.
However, <u>Quantity </u>of oil bought & sold would depend upon relative change , shift in demand & supply. If increase in demand is equal to decrease in supply, the quantity would remain<u> same.</u> If increase in demand is more than decrease in supply, quantity will <u>increase</u>. If increase in demand is less than decrease in supply, the quantity will <u>decrease.</u>
Answer:
Functional need
Explanation:
Functional need -
It refers to the needs of the human being , which are important for the survival , is referred to as functional need .
These are basic requirements which are important for the day to day activities of the people .
Hence , from the scenario of the question,
Sarah bought a cycle , but as soon as she realized that basket is important for keeping her bag and other item .
Hence, the need of basket is the functional need .
Answer: Family.
Explanation:
The family a consumer is born into, strongly influences the way that consumer would make purchase for the rest of their lives. This occurs because in the family, the consumer is groomed to love a certain type of food, fashion and develop a specific type of taste that remains with them as long as they live.
all we have to do is answer and we get that many points that's cool
Answer:
A. The parameters p and u are the same for both trees
Explanation:
Calculation of parameters of u(upper limit) and p(lower limit) for both index and stock:
1) INDEX
Current Value: 100
Volatality : 25%
Value can increase upto 100+25% = 125
Value can decrease to 100-25% = 75
U = Value after increase/current value = 125/100 = 1.25
P = Value after decrease/ current value = 75/100 = 0.75
2) STOCK
Current Value: 100
Volatality : 25%
Value can increase upto 100+25% = 125
Value can decrease to 100-25% = 75
U = Value after increase/current value = 125/100 = 1.25
P = Value after decrease/ current value = 75/100 = 0.75
---> The parameters U and P for both index and stock are same. This is because both the index and stock has same value and same volality rate. Therefore, stock move according to the index.
if index changes by certain percentage the stock also changes. Here in this case, volatality rate is same for both index and stock. Hence Parameters U and P are same for Index and Stock.
