What are the advantages and disadvantages of two-wheeled transportation? edge2021

1 answer:

4 0

Howdy! ^_^

the sample response from edge is

Two-wheeled transportation is an inexpensive way of traveling in comparison to cars, they conserve energy, and require little parking space. The disadvantages are they have high accident rates, requires special skill, constant attention, and requires the use of appropriate safety equipment.

hopefully this helps! goodluck<3

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Assume gasoline is sold in a competitive market, the equilibrium price is $50 per barrel, and the equilibrium quantity is 1000 b

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Answer:

(a) Please find attached, the required graph showing the equilibrium price at $50 per barrel

(b) There will be a shortage

(d) When there is an increase in the price of gasoline operated automobiles, there would be a downward shift in demand while supply would remain constant, and the equilibrium price will decrease

(e) The combined effect will be a further reduction in the price per barrel

Explanation:

The equilibrium price

(a) Please find attached, the required graph

(b) As shown on the graph, in a competitive market, at a price of $40 per barrel, there will be a shortage in the market due to the amount of money available will be more than the total price of the number of barrel for sale, because the equilibrium price at which the amount of money available in the market is equal to the total price of the barrels supplied gives the amount of money people a willing and able to spend on a barrel

(c) If new oil is discovered, the number of barrels supplied will be more than the amount of money available to purchase a barrel and the equilibrium price will drop

(d) When there is an increase in the price of gasoline operated automobiles, there would be a downward shift in demand while supply would remain constant, and the equilibrium price will decrease

(e) If both oil is discovered and there is an increase in the price of as operated vehicles, the result will be a further reduction in the price of a barrel of oil