1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
e-lub [12.9K]
3 years ago
12

What does OPEC stand for? Help pls

Business
1 answer:
konstantin123 [22]3 years ago
8 0
OPEC - Organization of the Petroleum Exporting Countries
You might be interested in
The Tucana Bank of Commerce pools customer deposits and uses the
ivanzaharov [21]
I think it is b or c
6 0
2 years ago
A large group of fans are upset about the high price of tickets to many events. As a result of their lobbying efforts, a new law
Mashcka [7]

Answer:

C. <u>shortage</u>; <u>elastic</u>; <u>the same number of</u>

Explanation:

The law of demand states an inverse relationship between quantity demanded of a good and it's price.

Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price. When quantity demanded changes less relatively to change in price, it is termed as inelastic demand while when the change in quantity demanded is lot more than the change in price, it is termed as elastic demand.

In the given case, after the upper limit price has been capped and fixed, this would create a rush and tickets for the sports events would be sold off since the quantity demanded would rise.

This would result into a shortage since demand shall exceed supply and since the price cannot be raised above $50.

The more elastic the demand, more shortage of tickets it would result into and the same number of people will attend the events i.e the seating capacity is not increased.

7 0
3 years ago
Read 2 more answers
2. Select the correct sentence for errors in the preceding report. 1. Sales salaries, promotional expenses, corporate office ins
Sever21 [200]

Answer:

1

Explanation:

Manufacturing Overhead sometimes also referred as Factory Overhead includes only those costs which are directly traceable to the production of a product i-e, Direct labor and Material Costs.

5 0
3 years ago
If you get equity funding for your business, what will you have to do?
cestrela7 [59]

Answer:

A pay back the investors with interest I believe

5 0
2 years ago
Of the world's population of 7.5 billion people, _________ are scraping by on incomes that average less than $2 per day.
ozzi
1.1 billion? According to unicef 3 billion earn less than $2.50 so this seems like the appropriate answer.
3 0
3 years ago
Other questions:
  • ​recently, amazon.com has been accused of​ __________, which is the practice of selling products below cost to harm competitors.
    7·1 answer
  • 2 â__________ segmentation is done according to an objective measurable, physical, or other classification attribute of potentia
    11·1 answer
  • If certain conditions are met, an apartment manager can exclude the fair market value of free rent from his or her income. true
    5·1 answer
  • Where on a check should you write the name of the payee?<br> part A<br> part B<br> or part C
    10·2 answers
  • Cad cream inc., an ice cream company, has collaborated with bite snack inc., a food manufacturing company, to come up with a thi
    11·1 answer
  • A researcher plans to evaluate a new reading program by measuring students’ reading skill before and after the program begins. I
    11·1 answer
  • Warranty costs in the amount of $500,000 were recorded on the 2018 Income statement. However, the warranty tax deduction is not
    10·1 answer
  • On January 1, 2010, North Co. sold equipment and accepted in exchange a $600,000 zero-interest-bearing note due on January 1, 20
    6·1 answer
  • Reviewing and evaluating records used to prepare a company's financial statements is referred to as ______.
    7·1 answer
  • Due to inflation and shortages created by supply chain shortages, the price of Paco Rabanne's Eau de Toilette Spray increased
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!