Answer: The answer is provided below
Explanation:
a. An increase in the number of cars will lead to an increase in demand as more people will demand for gasoline. This will lead to a rightward shift of the demand curve from D1 to D2. The increase in demand will also lead to the rise in price of gasoline from P1 to P2.
b. When the economy moves into a recession, people will purchase less cars because of the recession, as the income level of the consumers will have fallen. Due to the decrease in the number of cars, the demand for gasoline also reduces. This is denoted by the leftward shift in the demand curve in the attached diagram from D1 to D2.
c. The increase in the price of car insurance, taxes, maintenance will also lead to a reduction in the demand for cars which will in turn, reduce the demand for gasoline. Thereby the demand curve shifts from from D1 to D2 leftward.
d. The expectations of substantial increase in the price of gasoline, will lead to a higher demand for gasoline in the present period because due to the expectation of a higher price, the consumers will go and buy more gasoline and keep for future use. As the demand for gasoline rises, this will lead to the demand curve for gasoline to shift rightward and also the price will increase from P1 to P2.
The diagram has also been attached.
Answer: Problem Solving Team
Explanation: Problem solving is the process of identifying a problem, evaluating the problem and determining alternatives ti its solution.
problem solving has 5 steps ate they are:
1. identify the problem
2. Analyse the problem and seek for solution
3. evaluate and pick a solution
4. Implement solution
5. follow up
According to the question above, the group of employees formed to take quick action on the problem of Granitia Inc is called the problem solving group
If you don’t manage your risks well and you take too many, you’re less likely to have a well off financial future. This is because you’re more likely to take losses. If you manage your risks well and only take them if you’re more likely to be successful your future financial status is more likely to be better.
Breakeven point in units=
Fixed cost÷[selling price-variable cost]
Breakeven point in units
=750÷(3.75−1.25)
=300 units
The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.
<h3>What does an increase in labor efficiency mean?</h3>
favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.
<h3>What do the symbols on Continental currency designs represent?</h3>
In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.
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