If it based on the gross income alone, Exxon/mobil rake in as much the nation of THAILAND made in a year.
Exxon operation could be that big because its operation probably had a really deep root onto several African nations that has a lot of oil resources, such as Chad,Nigeria, and Cameroon.
Answer:
c. Shortage will cause the price to rise toward $10
Explanation:
c. Shortage will cause the price to rise toward $10
The equilibrium price is $10 this any price below the equilibrium price will create a shortage in the market because at price lower than equilibrium price, the demand is greater than the supply. Thus, shortage will push the prices upwards or towards equilibrium price.
A small office is usually found in a smaller organization as for a bigger office is used for more high in people and company’s
The statement that must be true about the demand for a product if it is inelastic is that, a price increase does not have a significant impact on buying habits. The correct answer would be option B. When the demand is inelastic, this situation means that the demand for a product does not decrease nor increase in corresponds to the rise or fall of its price.