Answer:
As a result of the political unrest in Libya, the supply of oil would fall, As a result the supply curve would shift to the left. This would lead to fall in equilibrium quantity and a rise in price.
The increased demand for oil would shift the demand curve to the right. The equilibrium price and quantity would increase
Taking these two effects together, equilibrium price would rise and there would be an indeterminate effect on equilibrium quantity
Please check the attached image for a graph showing these shifts
b. As a result of the change in supply, supply would increase. This would increase equilibrium quantity and equilibrium price would fall. in addition with the increase in demand for oil, equilibrium quantity would rise and there would be an indeterminate effect on equilibrium quantity
Explanation:
Answer:
d. Non-state (non-governmental) actors, focused on profit
Explanation:
Non State actor can literally be defined as an organization that are not funded by the government.
Multinational Corporations (MNCs) and Transnational companies (TNCs) are organizations that have companies in several countries and are business oriented focused on making profit.
Therefore, Multinational Corporations (MNCs, sometimes called TNCs) are Non-state (non-governmental) actors, focused on profit
Answer:
total amortization expense = $5400
so correct option is C) $5,400
Explanation:
given data
purchase price = $67,500
time period = 75 months
months = 6th
to find out
total amortization expense
solution
we get here total amortization expense that is express as
total amortization expense = 
×months ...............1
put her value we get
total amortization expense = 
× 6
total amortization expense = $5400
so correct option is C) $5,400
False. Loss leaders are products that are sold at or below cost in order to lure you into the store.
Answer:
The correct answer is letter "D": perfectly elastic.
Explanation:
Perfect Competition is a theoretical market system where competition is at its highest level as possible. Perfectly competitive markets are characterized by:
- <em>All companies offer an equivalent product.</em>
- <em>All companies are price takers.</em>
- <em>All companies have a fairly small market share.</em>
- <em>Buyers have full quality and pricing knowledge.</em>
- <em>The company has low barriers or no barriers to entering and leaving an industry
.</em>
<em>Plotted in a graph, perfectly competitive goods have a horizontal curve. This is because at any given price any quantity can be demanded. Thus, the curve of perfectly competitive firms is </em><u><em>perfectly elastic</em></u><em>.</em>
