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aleksklad [387]
3 years ago
14

Consider the market for gasoline. Suppose that a new oil-pump technology is developed, making gasoline production less costly. A

t the same time, war breaks out and several oil fields are destroyed. What will be the effect on supply
Business
1 answer:
beks73 [17]3 years ago
8 0

Answer:Decrease in supply.

Explanation: Supply is the amount of goods and services which an individual is willing and ready to purchase at a given price. The invention of a new technology which makes gasoline production less costly will lead to a decrease in price. Producers reduces supply when there's a decrease in price and increase supply when there's an increase in price. Also, the destruction of several oil fields means that there would be a reduction in the supply of oil in the economy. Since oil fields have been destroyed, it will have a negative effect on supply.

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Explanation:

A Flexible Manufacturing System or FMS is a group of interconnected workstations through an automated material transport system.  The transport system, as well as other storage systems that can be used, must be automatic. The whole set is controlled by computer

It is known as total quality management to a business management strategy that consists of the study and assessment of the concept of quality in each of the phases of an organizational process. Its purpose is the constant improvement of goods and services offered and the achievement of greater customer satisfaction.

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I need help please! <br> what do you think is positive about franchises in general? negative?
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