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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.

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The graph represents the supply and demand curve for chocolates in the economy. Identify the price and quantity at which there w
Zielflug [23.3K]

Answer:

Equilibrium Price - 3

Equilibrium Quantity - 3

Explanation:

The price at which there will be equilibrium in the chocolate market is 3 units while the corresponding quantity is also 3 units.

<u>The equilibrium price and quantity represents the price and quantity where the demand for a product is equal to the supply for the same product respectively.</u>

<em>In the graph, the point of intersection of the demand and the supply curve represents the equilibrium point. At this point, the price on the Y axis is 3 units while the corresponding quantity on the X axis is also 3 units.</em>

3 0
3 years ago
Arturo is a pipeline welder at the midamerican energy company. recently, he had to make a decision about which torch to order fo
mylen [45]

Answer:

they are dependent on situational probabilities

Explanation:

Arturo's decision about which torch to purchase is being made under conditions of ambiguity , because: they are dependent on other factors.

The decision making is not certainty because his decision on which torch to buy is dependent on probabilities neither is it uncertain because we have information on probabilities of what the outcome might be.

Hence the decision making is ambiguous because it is between certain and uncertain and its outcome is dependent on the probabilities of having a discount or not.

5 0
3 years ago
Read 2 more answers
The presence of media hubs, coalitions focusing on specific environmental challenges, and headquarters for multinational corpora
I am Lyosha [343]

Answer: B

Explanation: Are linked globally in ways that transcend national political boundaries

4 0
3 years ago
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Discuss motivation hygiene theory proposed by Fredrick Hertzberg
egoroff_w [7]

Answer:

This answers may help you

6 0
3 years ago
Punch Corporation acquired 80% ownership of Jud Corporation in 2017, at underlying book value. On that date, the fair value of n
Ilia_Sergeevich [38]

Answer:

The amount of consolidated net income that will be assigned to the controlling interest for 2018 is $ 48,000.

Explanation:

In order to calculate consolidated net income profit and loss on intra group transactions are eliminated or not taken into account. So in order to calculate profit cost incurred by group is taken as cost of good sold and sales that is made to third party will be taken as revenue. Detail calculations are given below.

Revenue           $ 100,000

COGS               ($   40,000)      (50,000 *80%)

Profit                 $   60,000-A

Consolidated net income controlling interest = A * 80% = $ 48,000

6 0
3 years ago
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