Answer:
By controlling supplies, OPEC nations were able to set the prices for oil.
Explanation:
OPEC which is an acronym of Organization of the Petroleum Exporting Countries was established in1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela and has been increased to fifteen countries presently through the controlling of supplies.
OPEC nations were able to set oil prices to have control over the demands and supplies. This helps the OPEC members, with the belief that controlling oil supplies leads to equal aggregate demands and supply thereby leaving no surplus of oil.
Hence, the collaboration generates more money for the members of OPEC
Answer: Volcanic (Wiki: The Ring of Fire is a region around much of the rim of the Pacific Ocean where many volcanic eruptions and earthquakes occur. )
Go with your gut though, not 100 percent.
Good luck =)
Answer:
The cost price was increased by 33.33 % to provide this profit
Explanation:
Given:
Cost price = $3
Selling price = $4
Gross profit = $1
To Find:
Profit percentage =?
Solution:
Profit Formula calculates the net gains or losses incurred by subtracting total expenses from total sales.
Now profit = 4 - 3 = 1
Now the profit percentage can be found by
=
=
=
= 33.33%
a, it's just like the cost of gas .
. when there's a inflation with the cost of gas people need to ride bikes to work. when there's a inflation with money the prices well also rise.
