1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zhuklara [117]
3 years ago
14

During 2008 the supply of gasoline decreased while at the same time the demand for gasoline increased. If the magnitude of the i

ncrease in demand was greater than the magnitude of the decrease in supply, then the equilibrium price of gasoline ________ and the equilibrium quantity ________.
Business
1 answer:
stich3 [128]3 years ago
7 0

Answer:

Increases; Increases

Explanation:

During 2008, the supply of gasoline decreases, so as a result there is a leftward shift in the supply curve of gasoline. Also, at the same time there is an increase in the demand for gasoline, so as a result there is a rightward shift in the demand curve of gasoline.

It is given that the magnitude of the shift of demand curve is greater than the magnitude of the shift of supply curve.

Therefore, this will result in an increase in the equilibrium price and equilibrium quantity of gasoline.

You might be interested in
Why should you dress professionally and do some research beforehand?
kiruha [24]
B. you dress professionally because you need to be good in their eyes because some people judge by the way you wear and you need to make research to make you very confined and competent with your self , this will make you talk like a super star on the stage
6 0
3 years ago
Read 2 more answers
Kumaran Pillay has a vegetable stall at the Suva Market. His business has been plagued with under-stocking and over-stocking pro
spayn [35]

Answer:

1) Using the 3 qualitative forecasting methods

Executive opinions,

Delphi method,

Salesforce polling.

2) Using the 2 quantitative forecasting methods:-

The straight-line method,

The average approach.

Explanation:

1) Using the 3 qualitative forecasting methods

Executive opinions- In this method, he could seek subjective views from experts concerning his sales. this might be viewed on his purchasing, finance, and future sales. However, it's utilized in conjunction with other quantitative forecasting methods so as to realize the simplest forecasts.

Delphi method- He could question a gaggle of experts about their views individually. they are doing not meet to avoid manipulation in judgments. Forecasts during this case might be compiled and analyzed by an external observer and returned to the experts for further questioning.

Salesforce polling- he could use this approach whereby he reaches bent people that are in touch with the regular customers and who can correctly predict the trends of the customers' consumption so as to offer him insights on how and when to restock counting on demand. This method is sweet for future forecasting since it gives the expected consumption trends of the purchasers that would be employed by the owner to make a decision on the quantity of inventory to stock in the future.

2) Using the 2 quantitative forecasting methods:-

The straight-line method- This is the only method of calculating future sales supported past data. It involves the utilization of a straight-line equation this measures the expansion or future predictions in sort of percentages. Here, past data is collected and a few analysis is completed to work out the trend that customers might adopt in their subsequent purchases. once they're known, the forecast on increasing or decreasing the inventory is predicated on percentage increase or reduction respectively. for instance, once demand is forecasted to grow, the vendor will decide the share they might order to hide the rise in demand.

The average approach- Here, the owner of a business conducts a mean of the past sales they need to be made to customers over a selected period. the most assumption is that the longer-term forecast is that the average of the past data. Since the owner has been making overstocking and understocking methods, it's assumed that the type of the orders is adequate to the longer-term forecast. for instance, if the owner decided within the past to order 100 units of a specific product and therefore the customers demanded quite 100 units maybe 150 units, there's an understocking decision. The owner might plan to increase subsequent stock to 200 units and at this point, the purchasers only demand 175 units making him to possess more stock than it had been required. On learning this concerning the market, the owner then decides to conduct a mean and order 150 units to require care of the overstocking and under-stocking problems.

5 0
3 years ago
MicroTech Corporation maintains a capital structure of 40 percent debt and 60 percent common equity. To finance its capital budg
timama [110]

Answer:

weighted cost of capital for next year is 10.27 %.

Explanation:

Weighted cost of capital = Ke × (E/V) + Kd × (D/V)

Ke = Cost of Equity

    = Dividend Yield + Expected growth rate

    = $1.30 / $30.00 + 0.07

    = 0.11333 or 11.33 %

Kd = Cost of Debt

     = Interest × (1 - tax rate)

     = 11% × ( 1 - 0.21)

     = 8.69 %

Weighted cost of capital =  11.33 % × 60% + 8.69 % × 40%

                                         = 10.27 %

5 0
3 years ago
Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill. Zephron Music returned 25​% of the goods to the
asambeis [7]

Answer:

Cost of the inventory kept by Zephron Music is $3495

Explanation:

<u><em>Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill</em></u>

Inventory $4660 (debit)

Trade Payable $ 4400 (credit)

Bank $260 (credit)

Recognise an Asset - Inventory and De-recognise asset - Bank

<u><em>Zephron Music returned 25​% of the goods to the seller, took a 1​% purchase discount</em></u>

Trade Payable $1212

Inventory $1165 (credit)

Discount Received $47 (credit)

Therefore Inventory Balance = $4660-1165 = $3495

6 0
3 years ago
Kevin plans to go to college after he graduates from high school. The tuition is $8,000 a year, and room, board, and books cost
blondinia [14]

Answer:

$30,000

Explanation:

Opportunity costs refers to the incomes or benefits a person, business or investor loses or forgone when one alternative is chosen over another.

Since Kelvin will lose earnings of $30,000 a year from a full-time job if Kevin decides to attend college, this $30,000 a year is therefore the opportunity cost.

8 0
3 years ago
Other questions:
  • The _________ angles focus on the motorist's surroundings to the rear with the ultimate objective of limiting the size of blind
    13·1 answer
  • I need these answers to these
    13·2 answers
  • What are the types of information salespeople need to prepare for sales dialogue?
    5·1 answer
  • In 1895, the first sporting event was held. The winner's prize money was $170. In 2007, the winner's check was $1,173,000. (Do n
    13·1 answer
  • Which of the following statements is true of activity−based ​costing?
    6·1 answer
  • If you invest $100 today in a bank account that pays a one time interest at the end of each year (you leave the interest you col
    5·1 answer
  • A new system would have a mixture of both procedural and structural business rules as part of the documentation of that new syst
    7·1 answer
  • Bagley Corporation expects to incur $900,000 of factory overhead and $600,000 of general and administrative costs next year. Dir
    7·1 answer
  • The ledger of Mai Company includes the following accounts with normal balances as of December 31: Common Stock $9,000; Dividends
    14·1 answer
  • When people refer to jobs in the public sector they are referring to jobs with:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!