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UNO [17]
3 years ago
13

An increase in the price of gasoline will

Business
1 answer:
Brums [2.3K]3 years ago
4 0

Answer:

Shift the gasoline supply curve to the right.

Explanation:

in economy , A shift to the right in supply curves indicates that the supply of the product  increased, a shift to the left indicates that the supply of the product decreased.

When the price of gasoline increases, the amount of profit that the sellers can obtain by selling the product also increased.  This encouraged them to supply more of that product in the market.

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Novak Corporation amended its pension plan on January 1, 2020, and granted $152,280 of prior service costs to its employees. The
m_a_m_a [10]

Answer:

26762.74

Explanation:

Prior service cost amortization for 2020 can be calculated by first calculating the average time until the employee's retirement. After calculating the average time until retirement we will divide the service cost at that time

Workings

average time until retirment  = 1880/330

average time until retirment = 5.69 years

prior service cost amortization for 2020 = $152,280/5.69

prior service cost amortization for 2020 = $26762.74

3 0
3 years ago
Suppose the demand for corn increases while at the same time the supply of corn also increases. As a result, the equilibrium pri
kvv77 [185]

Answer:

Rise, fall, or remain unchanged and equilibrium quantity of corn will increase.

Explanation:

In this case, the equilibrium price of corn might RISE, FALL, or NOT CHANGE while the equilibrium quantity of corn increases.

4 0
4 years ago
The production possibilities frontier will shift outward
Ber [7]

Answer:

E. if technological advances occur is the correct answer.

Explanation:

6 0
3 years ago
In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to
horsena [70]

Answer:

It will be counted as investment in 2016 and negative investment in 2017.

Explanation:

National income refers to the total value of a country's final output of all new goods and services produced in one year. There are various ways of measuring national income, e.g. GDP, GNP, etc

Therefore, following national income accounting practices, the car would be counted as part of the investments and GDP of 2016, and negative investment in 2017, because that was the year in which it was produced.

4 0
3 years ago
What would cause an increase in the equilibrium price of a good?
crimeas [40]

Answer:

Demand and supply

Explanation:

Demand and supply are the two factors which effect the equilibrium of price. If demand increases and the supplies remains constant the price will increase. On the other hand when demand decrease and the supplies remains constant the price will fall. So these two factors effect the Equilibrium price of a good.

5 0
3 years ago
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