All categories

2 years ago

How do you think each of the following affected the world price of oil? (Use basic demand and supply analysis.)

Business

1 answer:

My name is Ann [436]2 years ago

6 0

The correct answer is the following.

A) Tax credits were offered for expenditures on home insulation. Affected the demand by decreasing it and the price decrease.

B) The Alaskan oil pipeline was completed. Affect the increase of supply and the price and the price decreases.

C) The ceiling on the price of oil was removed. Affect the decrease in demand and the price varies.

D) Oil was discovered in the North Sea. Affect the supply by increasing it and the price decreases.

E) Sport utility vehicles and minivans became popular. Affect the increase of the demand and the price increases.

F) The use of nuclear power decreased. Affect the increase of the demand and the price increases.

Many variables affect the price of oil. International prices are modified constantly and countries should have their provisions in order to prevent drastic changes to their economies due to the fluctuation of international oil practices. The important thing to consider is that not only economic factors affect the price of oil, but also political factors.

You might be interested in

Assuming a binding price floor, the more inelastic the supply and the demand curves are, the:1'smaller the shortage a price floo

KATRIN_1 [288]

Answer:

Option "3" is the correct answer.

Explanation:

Inelastic demand curve depict when there's no evident increase in demand due to an increase in price.

3 0

3 years ago

Read 2 more answers

25 points

drek231 [11]

Answer:

transition color

Explanation:

i just finished the test

6 0

3 years ago

ROM Corporation had kept all its hiring plans on hold during the last four quarters because the economy was in a state of recess

Vanyuwa [196]

Answer:

D. Computer manufacturers have aggressively started hiring more staff

Explanation:

8 0

3 years ago

James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four ti

Tanya [424]

Answer: Account A

Explanation:

Account A would be best for James as it provides the most value for the things he would like to do.

ATM charges are free with this account so he can use the ATM four times in the month at no charge
He would pay no monthly fees as he uses direct debit
He would pay an annual fee of $0
And as online payments are free, he would not have to worry about getting charged for the 8 bills to process in the month.

3 0

3 years ago

How do the internet standards allow for greater commerce? what potential problems could we have if we did not have the ieee?

REY [17]

The Internet standards allow for greater commerce because it helps guide the information and commerce paths as they grow and as we move more and more toward digital operations. If we didn’t have the IEEE or their standards we would have utter chaos when it comes to technology and the level of digital communication and use that we have today on such a coordinated scale simply wouldn’t be possible. It would be like trying to pour water down a platform into a cup a distance away (symbol of worldwide digital coordination). The water can go anywhere it wants to within these guidelines and in the end we end up with water in the glass (i.e. worldwide digital coordination). This allows for an exponential growth in technology worldwide.

8 0

3 years ago