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MA_775_DIABLO [31]
3 years ago
11

there is one gas station in a small rural town. the owner of the station claims that he will sell the same quantity of gas, no m

atter how high or low the price. If he is correct in this assertion, what must be true about the demand curve for gas at his station?
Business
1 answer:
myrzilka [38]3 years ago
8 0

It will be vertical, because the quantity demanded (x axis) will stay the same regardless of the increase or decrease in price on the y axis.

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Economics: A group of competitors who work in unison to control the supply and price of their product is called a
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Answer:

cartel

Explanation:

A "cartel" is a<em> group of competitors or market participants</em> who are independent from each other. They <u>work in unison by cooperating secretly</u> in an <em>unlawful way</em> so they can control the supply and price of their products. In this way, they can dominate the market.

Such type of alliance with rivals have existed since the ancient times. It <em>increased following </em><em>World War I,</em> but<em> started declining after </em><em>World War II</em>.

So, this explains the answer.

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When household debt as a share of income is abnormally high,
scoundrel [369]

Answer:

The correct answer is letter "D": the growth of consumption is likely to remain sluggish even as the economy begins to recover.

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3 years ago
During Year 2 Stripling earned $700,000 of revenue on account and collected $710,000 cash from accounts receivable. Also, the co
jasenka [17]

Answer:

here correct option is A. $7,000

Explanation:

given data

Stripling earned  = $700,000

collected cash = $710,000

company wrote off = $8,000

revenue = 1 %

to find out

net realizable value of receivable

solution

we will find here amount of uncollectible  expense that are for year 2

amount of uncollectible  expense = Sales revenue for year 2 × revenue %

put here value we wet

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5 0
3 years ago
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