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
xz_007 [3.2K]
3 years ago
12

Answers at the beginning of this year, daily consumption of gasoline in the us amounted to 344 million gallons. it is estimated

that for every 10% increase in the price of gasoline, quantity demanded falls by 2.30%. by the end of this year, the price of gasoline is expected to increase by 40 cents from $2.80 per gallon. based on this information, what is the expected quantity demanded for gasoline at the end of this year? please specify your answer to one decimal place.
Business
1 answer:
miv72 [106K]3 years ago
6 0
<span>332.7 million gallons. First calculate the percentage increase in price of gasoline. 0.40 / 2.80 = 0.142857 = 14.2857% Now divide by the 10% to get the number of multiples of 10% the price increased by 14.2857% / 10% = 1.42857 Now multiply that by the percent decrease in demand 1.42857 * 2.30% = 3.29% So it looks like there will be a 3.29% decrease in demand due to the higher price. So calculate the expected amount of gasoline demand. 344 * (100% - 3.29%) = 344 * (96.71%) = 344 * 0.9671 = 332.7 So the expected demand after a price increase of 40 cents per gallon is 332.7 million gallons.</span>
You might be interested in
A scientist has samples of both nitrogen (N2) and hydrogen (H2). Both of these substances are odorless, colorless gases at room
Alex17521 [72]

Answer: C.  A new compound formed when nitrogen and hydrogen chemically reacted.

Explanation:

Due to the temperature increase, the atoms of both Nitrogen and Hydrogen reacted chemically with one another and formed a new compound which was still colorless but now had a strong odor as well.

This new compound is known as Ammonia with the chemical composition NH₃. It is formed when Hydrogen and Nitrogen react chemically. Ammonia is a colorless gas with a sharp strong odor.

3 0
2 years ago
__________ values and norms are exhibited by employees based on their observations of what actually goes on in the organization.
abruzzese [7]

Based on their observations of what actually occurs in the organization, employees demonstrate the enacted values and norms.

Your values are the things you hold dear in terms of how you conduct your life and career. Value indicates the significance of an action or thing in ethics and social sciences. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. In the social sciences, norms are a key notion. Norms are most frequently described as socially imposed laws or expectations. Norms can be prescriptive (encouraging good behavior, such as "be honest") or proscriptive (forbidding bad behavior, such as "do not cheat").

Learn more about Norms here

brainly.com/question/15706409

#SPJ4

8 0
1 year ago
Read 2 more answers
How unemployment is impacting on the south africa economy?
Evgesh-ka [11]
Unemployment continues to rise to unacceptable level. As David Lipton said if the government are to navigate this dangerous period. Government must respond concretely to all of these challenges. Despite of political obstacles.  This is important to all countries specially South Africa.
7 0
3 years ago
It's very urgent
3241004551 [841]

Answer: While not usual they can be held responsible for all business debts.

Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.

3 0
2 years ago
In the individual level adoption process for a low involvement good, such as a new pack of gum or candy bar, what two steps in t
likoan [24]

Answer:

evaluation and trial

Explanation:

In low involvement goods such as a new pack of gum or candy bar the evaluation and trial stages are often reversed. This is mainly due to there being very low risk for trying out a new unrecognized brand of such a product, this combined with the amount of time needed in order to evaluate other options greatly outweighs the benefit. Therefore most individuals try the product out instead of evaluating all options which isn't done for higher risk purchases.

8 0
3 years ago
Other questions:
  • This private, not-for-profit organization is committed to developing and maintaining practical, customer-focused standards to he
    8·1 answer
  • A marketing firm determined that, of 200 households surveyed, 80 used neither Brand A nor Brand B soap, 60 used only Brand A soa
    7·1 answer
  • __________ scale exist when inputs are increased by some percentage and output increases by a smaller percentage, whereas ______
    15·1 answer
  • Use the information given below to answer the questions that follow.
    6·1 answer
  • Alpha Mining Company recognizes $2 of depletion for each ton of ore mined. During 2016, 850,000 tons of ore were mined and 725,0
    6·1 answer
  • The following is a partial trial balance for General Lighting Corporation as of December 31, 2021:
    7·1 answer
  • Within her company, maria utilizes a management style that varies according to the individual and environmental situation, with
    9·2 answers
  • You run a coffee shop where demand is constant week to week. You use 10 bags of roasted coffee each week. Currently, you order w
    6·1 answer
  • The following information is available for Lock-Tite Company, which produces special-order security products and uses a job orde
    8·1 answer
  • The cost of equity is ________. the interest associated with debt the rate of return required by investors to incentivize them t
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!