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Lena [83]
3 years ago
14

The following appeared in a Florida newspaper a week after a hurricane hit the state.​ "Floridians are relieved that the storm p

roduced no fatalities but homeowners face​ weeks, if not​ months, of rebuilding. Matters are made worse by the soaring prices of plywood and other building materials that always follow in a​ hurricane's path. Complaints of profiteering and price gouging have not deterred firms from raising their prices by over 100​ percent." Which of the following offers the best explanation for the price increases referred to in the​ article?
A. The hurricane caused an increase in the demand for building materials.
B. There was a reduction in supply as firms shipped plywood and other materials to locations not affected by the storm.
C. The hurricane created an artificial shortage of building materials.
D. The hurricane reduced the number of suppliers of building materials.
Business
1 answer:
vladimir2022 [97]3 years ago
7 0

Answer:

The correct answer is option A.

Explanation:

A hurricane that hit Florida has destroyed homes. The rebuilding process will take weeks and months. The price of building materials has increased as well. This increase in price is because of increased demand for building materials.

The demand curve for building materials has moved to the right. This has led to an increase in the price of building materials. The firms are taking advantage of this increase in demand by raising the price by over 100 percent.

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Answer:

d. both countries, as whole, will be better off.

Explanation:

When countries leverage on their comparative advantages, they will be better off. In this instance as US has comparative advantage in producing airplanes, it will be more cost effective for them to produce and export to Japan.

So also Japan will find it cheaper to produce televisions and export to the US. Both contries reduce cost by producing goods they have comparative advantage in.

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3 years ago
________ at IKEA include cost-consciousness, constant desire for renewal, and accepting and delegating responsibility.
Anna007 [38]

Ikea has core business values such as consciousness, constant desire for renewal, and accepting and delegating responsibility.

<h3>What are the core values in a company?</h3>

The fundamental values of a company are the purposes that guide the attitudes of all members of the company. Additionally, these values are related to the common objectives, mission and vision of a company.

In the case of Ikea, it is a company that emerged in Sweden that has led the market for the sale of furniture and other household items that has stood out for its business values.

Among the most outstanding values of Ikea are:

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Note: This question is incomplete because the options are missing. Here are the options:

A. Core values.

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Sorenson’s march 2020 video for marriott employees exhibited characteristics of ________ leadership.
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Therefore, the sorenson’s video for marriott employees exhibited characteristics of commanding leadership style.

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2 years ago
Who is Patrick Jorgenson? What does he do for a living?
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Answer:

I think you mean Patrick Jørgensen

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