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
Leona [35]
2 years ago
13

Show the change in the market for gasoline that is consistent with the following statement:

Business
1 answer:
MArishka [77]2 years ago
8 0

Answer:

  • Supply reduces and supply curve shifts left.
  • Price increases

Explanation:

The Middle East supplies a significant amount of the world's oil which means that conflict there could disrupt the movement of oil in the world.

In this scenario there is a conflict. This conflict would cause the supply of oil to reduce which means that the Supply curve will be forced to shift left to show that it has dropped.

This new supply curve will then intercept with the demand curve at a higher equilibrium price thereby leading to a price increase.

You might be interested in
Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on Decemb
Finger [1]

Answer:

Explanation:

                                                                      AAA                   AEP

Beginning balance, 1/1/20                           200,000        110,000

Less: Distributions                                          (140,000)            (0)

Less: Loss (ordinary)                                  (120,000)            (0)

Ending Balance                                           (60,000)       110,000

Here AAA is adjusted first for the distributions and then for the loss. The negative balance must be restored to a positive before the shareholders may receive any distributions that will not be taxed as dividend income.

6 0
3 years ago
Most companies allocate facility-level activity costs directly to products for decision-making purposes.True or false?
Finger [1]

Answer:

False

Explanation:

Facility-level costs are being the type of activity based cost activities and it simply sustains a facility’s general manufacturing process. We can say some samples about this type of costs:

1) The costs about depreciation or rent of a factory building  

2) The costs about salary of a plant manager

3) The costs about insurance, taxes, etc.  

4) The costs about training

As you see all about this cost mentioned only in manufacturing processes not in decision making.

4 0
3 years ago
What is the difference between statistics and business statistics?​
Alik [6]

Answer:

Statistics is extended part of mathematics were you deal about only formulas numbers and business statistics deals about your knowledge about financial business marketing.

8 0
3 years ago
Read 2 more answers
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insuran
raketka [301]

Answer:

$8,200

Explanation:

The amount of asset that is not covered under the insurance policy would not be claimable so if the amount of insurance policy that covers jewelry of worth $1000 and silverware of worth $2,500 then the total claimable insurance would be $3500 ($1000 for both Jewelry and $2500 for silverware).

The jewelry stolen is worth $5200 and out of it $4200 is not claimable because $1000 of this is covered under the insurance policy. Likewise the silverware worth of $6500 has been stolen of which $4000 is not claimable because $2500 of this is covered under the insurance policy.

The claim that would be not covered under the insurance policy would be:

Non claimable insurance amount = ($5,200 - $1,000) + ($6,500 - $2,500)

= $8,200

7 0
3 years ago
Janice’s firm is entering a new market and she plans to set prices to take sales away from the established market leader even th
miv72 [106K]

Answer:

The correct answer is Sales-orientation.

Explanation:

The orientation towards sales is seen in sectors where competition is high, usually when supply is slightly higher than demand. In these cases, if consumers are not pushed, they will not buy the company's products.

Companies are going to focus on manufacturing more products than demand is able to absorb. In order to sell them all, aggressive sales and communication policies will be used.

6 0
3 years ago
Other questions:
  • Pak Co.'s professional fees expense account had a balance of $82,000 at December 31, Year 1, before considering year-end adjustm
    14·1 answer
  • Assuming an upward-sloping AS curve, if an economy is at full employment and consumption spending decreases while all other leve
    5·1 answer
  • ___________ are actions taken or measures put in place to eliminate a hazard or reduce the associated identified risk. A ) Misha
    14·1 answer
  • You have been hired to consult with the new chief of a police department that has been fraught with complaints of officer miscon
    5·2 answers
  • If you would like to start a company with decentralized decision making regarding day-to-day operations, but a central body of m
    6·1 answer
  • Making tax-deferred deposits into a retirement account means that the funds are
    13·1 answer
  • 7. How can this nation produce more capital goods today?
    7·1 answer
  • Suppose physical capital per worker increased to $60,000 between 1990 and 2000, and output per worker increased by $45,000 over
    10·1 answer
  • Which internal control procedure is violated when the cashier at the checkout stand also records the daily receipts in the journ
    10·1 answer
  • Anyone who wants to use copyright material must obtain permission from the copyright owner in the form of a ____.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!