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3 years ago

What is the effect of an increase in the price of fuel on the transportation services market where fuel is an input

Business

1 answer:

vesna_86 [32]3 years ago

6 0

Answer:

The supply will decrease.

Explanation:

Here are the options to this question :

A. The supply will increase.

B. The demand will decrease.

C. The supply will decrease.

D. The demand will increase.

Due to the increase in price of fuel, the cost of purchasing fuel would increase and this would make it more expensive to run transportation services. As a result, the supply of transportation services would fall. this would shift the supply curve for transportation services leftward. This would lead to a rise in price of transport services and a decrease in quantity suoplied.

Please check the attached image for a graph explaining this concept

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Less developed nations have high rates of unemployment.<br><br> TRUE<br><br> FALSE

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Answer:

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In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1 comma 000 radials each year. In the past 2 yea

Lina20 [59]

Answer:

Explanation:

For computing the demand for each sale, first we have to compute the average sale for each season which is show below:

Average sale in fall = (240 + 260) ÷ 2 = 250

Average sale in winter = (340 + 300) ÷ 2 = 320

Average sale in spring = (140 + 160) ÷ 2 = 150

Average sale in summer = (320 + 240) ÷ 2 = 280

Demand for next fall = (250 ÷ 1,000) × 1,200 = 300

Demand for next winter = (320 ÷ 1,000) × 1,200 = 384

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3 years ago

Sand Inc., a company that produces and sells a single product, has provided its contribution format income statement for January

bezimeni [28]

Answer:

$30,870

Explanation:

Sales per unit: 67,200/3,200 = 21

variable expenses per unit : 38,976/3200 = 12.18

.......................

Sales 3500 unit: 21*3500 = 73,500

Variable expenses 3500 units : 12.18*3500 = 42,630

Contribution margin = Sales-Variable expenses = 73,500-42,630

=$30,870

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3 years ago