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
mojhsa [17]
2 years ago
9

A recent news story reported that the Organization of Petroleum Exporting Countries is expected to decrease the supply of oil ne

xt summer. Summer is traditionally a time of increased demand for oil because of vacation travel. What would be the combined effect of these two events on the summer market for gasoline?
a) an unpredictable change in the price and a decrease in the quantity
b) an unpredictable change in both the price and the quantity
c) an increase in the price and an unpredictable change in the quantity
d) an increase in the price and the quantity
Business
1 answer:
erastovalidia [21]2 years ago
8 0

Answer:

Option "C" is the answer.

Explanation:

Option "C" is the answer.

The decrease in the supply of oil will shift the supply curve leftwards. Similarly, the increases in the demand will shift the demand curve rightwards. The leftwards shift in the supply and rightward shift in the demand curve will result in an increase in price but the change in quantity can not be predicted because the magnitude of change will depend on the shift in the curves.

You might be interested in
What is interest?
Ilia_Sergeevich [38]
The answer is B. Thanks for your question! Don't forget to rate and give me the brainliest answer! Then, I can help you with all your problems! ^-^ ~

5 0
3 years ago
Read 2 more answers
What are the 3 main factors that affect the labor market
Fynjy0 [20]
<span><span>Economy- Macroeconomic conditions affect labor supply and demand. Job losses during a recession mean less disposable income for consumers and less demand for cars.</span>
<span>Globalization-Globalization involves the import of foreign automobiles and relocation of manufacturing facilities overseas. This has led to a steady decline in U.S. automobile-sector employment.</span>
<span>Compensation- Compensation includes wages and benefits. According to an April 2011 U.S. Bureau of Labor Statistics report, there has been upward pressure on wages and downward pressure on benefits.</span>
</span>
6 0
3 years ago
At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $30,600 and zero balances in Accumulated Depr
Bas_tet [7]

Answer:

Dr Depreciation Expense $3,620

Cr Accumulated Depreciation-Equipment $3,620

Explanation:

Based on the information given we were told that the company had zero balances in both Accumulated Depreciation -Equipment as well as the Depreciation Expense in which the Depreciation amount for the year is estimated to be $3,620 which means that the adjusting entry for depreciation at December 31 will be recorded as:

Preparation of Journal entry

Dec. 31

Dr Depreciation Expense $3,620

Cr Accumulated Depreciation-Equipment $3,620

5 0
3 years ago
In what way does the kettle falls five case illustrate a weakness of a federal system? choose the best answer.
almond37 [142]

The kettle falls five case illustrate a weakness of a federal system in such a way that f<span>ederalism limits political power and that it depends on compliance of state.</span>
<span>The federal system also aggravates the efficiency in awareness of Policies and its implementation. The kettle falls five case was very surprising.</span>

6 0
2 years ago
Compare and contrast the role of management, as reflected by management theory, in the 20thcentury organization with the role of
Alexxx [7]
Do it yourself this gets you no where im sorry
3 0
3 years ago
Other questions:
  • If an account valued at $1,000 is leveraged 5:1, a 10% drop in the value of invested assets would cause the value of the account
    5·1 answer
  • A patient who contributes to causing harm is guilty of what kind of negligence ?
    13·1 answer
  • Firms using the __________ approach during the decline stage of the product life cycle will gradually reduce marketing expenditu
    6·1 answer
  • As it become easier to sell an asset in the secondary market relative to alternative assets, holding everything else unchanged,
    11·1 answer
  • If a number entered in an unformatted cell is too long to be displayed in the cell, what will be displayed? ####### scientific n
    13·1 answer
  • A graduating high school student decides to take a year off and work to save money for college. The student plans to invest all
    10·1 answer
  • The following transactions and events occurred during the year. Assuming that this company uses the indirect method to report ca
    6·1 answer
  • When evaluating possible careers, you should match the career information you researched to your personal interests
    14·2 answers
  • You purchase a $1,000 asset for $800. It pays $60 a year for seven years at which time you receive the $1,000 principal. Prove t
    7·1 answer
  • If you receive 10 units of utility from consuming one cup of coffee and 16 units of utility from consuming two cups of coffee, w
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!