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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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The process cost summary summarizes:_________
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The summary of the process cost involves the physical flow of units, equivalent units of production, cost per equivalent unit, and the total cost assignment to the units worked on the given time period

Only these four things would be shown in the summary of the process cost

Other than this would be ignored

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D. a and c

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A wedding services company changes its marketing strategy to reflect the fact that more LGBT​ (lesbian/gay/bisexual/transgender)
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c. Cultural

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Snowboards Inc. refuses to sell its products to Timber Winter Sports Stores, Inc., a retail snowboard dealership. This violates
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This type of refusal would always lead to price fixing, boycott.etc. When there is price fixing, it would lead to customers being unable to buy the product due to high price.

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