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tresset_1 [31]
4 years ago
10

A recent news story reported that OPEC is expected to decrease the supply of oil next summer. Summer is traditionally a time of

increased demand for oil because of the many families driving and flying to vacation sites. What would be the combined effect of these two events on the summer market for gasoline?
a. an increase in the price and an unpredictable change in the quantity
b. an unpredictable change in both the price and the quantity
c. an unpredictable change in the price and a decrease in the quantity
d. an increase in the price and the quantity
Business
1 answer:
Vsevolod [243]4 years ago
8 0

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

A current news article reported that next year, OPEC is expected to reduce oil supply.

Summer is typically a period of higher demand for oil owing to the many families traveling and going to the holiday sites.

  • Then it is a price increase and an unexpected amount shift.

The up-sloping demand curve, where there is little incentive to sell for increased prices, is moved to the right, since more vendors are willing to supply at a lower price, allowing volumes to increase for a particular price.

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Interior Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing process. The new machine would c
katrin [286]

the answer is 4 because 4 plus 1 equal 8 and 2 plus 4 equal 4

7 0
3 years ago
What are the implications of price wars for a company?
Elanso [62]

Implications led to more sales of the products, they are being sold for less money per product, which might potentially result in shorter-term profits.

<h3>What is the meaning of price wars ?</h3>

A price war is a conflict between rival businesses that lower the prices of their goods in an effort to strategically undercut one another and get a larger market share. A price war may be implemented as a longer-term strategy or as a short-term tactic to boost sales.

In a Price Conflict Five Techniques That Might Work:

  1. To understand why you are engaged in this price war, do some study.
  2. Without reducing the price, add value to the good or service.
  3. If you can't further reduce your rates in the price war, advertise.
  4. Find a different strategy to differentiate out from the competition than price.
  5. Think about your brand.

Learn more about the price war:

brainly.com/question/12995874

#SPJ1

3 0
2 years ago
Assume that Japan places a strict quota on goods imported from the United States and the United States places a strict quota on
juin [17]

Answer:

The correct answer is decline; decline

Explanation:

Within the trade process, it is normal for countries to try to exercise policies in order to protect their internal markets. This situation normally occurs in developed economies, in order to encourage domestic consumption of their products but also open other markets to market them. In this example, an economic war is shown on both sides, which directly affects the currencies of each economy, because investors will choose to trade less with yen and more with dollars, since within this process of uncertainty nobody wants to lose in case that the yen's value falls in a short period of time. This seeks to protect heritage on the one hand and, on the other, to encourage the internal economy.

3 0
3 years ago
Outsourcing is __________. ANSWER Unselected making a high-level, often strategic, decision regarding which products or services
larisa [96]

Answer:

the use of supply chain partners to provide products or services.

Explanation:

In Business management, outsourcing can be defined as a process which involves an agreement between two companies that allows for the provision of services or job functions by another.

When a company is outsourced, it engages the service of another company (third-party) to perform some of its duties rather than the use of an in-house department or employees to handle them. The outsourcing firm is saddled with the responsibility of physically distributing the goods or services of the outsourced company.

Hence, outsourcing refers to the use of supply chain partners to provide products or services.

5 0
3 years ago
Why is the supply curve a vertical line
AlladinOne [14]
In some cases, supply curves are vertical, which means that for any price from 0 up to infinity, the quantity will stay the same.

This is very true for supply of an authentic painting in auctions, where there may only be 1 single painting, and people state the highest price they are willing to pay for the painting. Regardless of the price, there will only be 1 authentic painting for that price.

Hope this helps! :)
5 0
3 years ago
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