A shift in the supply curve for gasoline in the United States would result if ______. a)
Question:
A shift in the supply curve for gasoline in the United States would result if ______.
a) people decided to travel more by automobile
b) the OPEC nations decided to stop sales of crude oil to the United States
c) the price of gasoline increased
d) the price of gasoline decreased
e) the price of mass transit increased
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The correct answer is b the OPEC nations decided to stop sales of cr...View the full answer
Answered By
Pharashram rai
i am highly creative, resourceful and dedicated freelancer an excellent record of successful classroom presentations and writing . I have more than 4 years experience in tutoring students especially by using my note making strategies and engineering field . Especially adept at teaching methods of maths and writing , and flexible teaching style with the willingness to work beyond the call of duty. Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with .
4.80+
65+ Reviews
270+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
To begin with, lets disregard the COVID-19 pandemic and its aftermath on the global economy. Prior to the pandemic, the majority of global economic disruptions over the past decades have been caused...
-
From November 2010 to March 2011 the price of gold increased from $1,200 per ounce to over $1,800 per ounce. Newspaper articles during this period said there was little increased demand from the...
-
Review the concept of externalities from Chapter 5, page 148. If a market is a monopoly, will a negative externality in production always lead to production beyond the level of economic efficiency?...
-
A nutritionally defective E. coli strain grows only on a medium containing thymine, whereas another nutritionally defective strain grows only on a medium containing leucine. When these two strains...
-
Manning Company reported the following information for 2019: cash provided by operating activities, $425,000; cash used by investing activities, $200,000; average debt maturing over the next 5 years,...
-
Go to the company investor relations websites for Starbucks (investor.starbucks.com), Pfizer (www.pfizer.com/investors), and Salesforce (investor.salesforce.com) to find examples of strategic and...
-
What stakeholder affected by their behavior was Gilead weighting very lightly when it decided what to tell the FDA about the medicines it wished to have permission to sell?
-
Biko owns a snowmobile manufacturing business, and Miles owns a mountain bike manufacturing business. Because each business is seasonal, their manufacturing plants are idle during their respective...
-
Suppose that farmers have a mandatory demand expansion program where all farmers pay a certain amount to fund a promotion program. You have estimated the following market supply and demand functions...
-
If the price of a product rises and as a result businesses increase their production, then _______. a) supply has increased b) supply has decreased c) quantity supplied has increased d) quantity...
-
Change in which of the following would not quickly cause a shift in demand? a) number of buyers b) tastes c) buyers perception of quality of product d) income e) price
-
Write equations analogous to Equation (5.5) for the exact differential of internal energy, du, in terms of each of the following sets of independent properties: (a) u = u(T, P) (b) u = u(T, s) (c) u...
-
In what ways do emerging technologies, such as blockchain or AI-driven analytics, offer novel solutions for enhancing accountability mechanisms within complex systems, and what are the associated...
-
Evaluate and discuss the statement below with your own ideas in light of entrepreneurship. Justify your thoughts by providing references to the related scholars, theories, terms & concepts.
-
You will start your own service-based business! What is the service (be creative)? List two accounts under each of the accounting equation categories: Assets, Liabilities, Equity, Revenues, and...
-
What is diversity and how do diverse demographics influence the health care industry? (culture, gender, generational differences, religion and spirituality, and social and economic status). What is...
-
Introduction Nim is a two-player strategy game where objects are placed into several stacks. On their turn, a player must pick one stack and take away 1, 2, or 3 objects from that stack (not from...
-
What must be the width of a one-dimensional infinite potential well if an electron trapped in it in the n = 3 state is to have an energy of 4.7eV?
-
White Bolder Investments (WBI) You are an intern working for WBI, a large investment advisory services in Sydney. Among other regular customers, WBI has been providing advisory services for Jumbo...
-
A firm has a Cobb- Douglas production function, q = ALaK, where a + < 1. On the basis of this information, what properties does its cost function have? For example, a U. S. chemical firm has a...
-
A bottling company uses two inputs to produce bottles of the soft drink Sludge: bottling machines (K) and workers (L). The isoquants have the usual smooth shape. The machine costs $ 1,000 per day to...
-
A bottling company uses two inputs to produce bottles of the soft drink Sludge: bottling machines (K) and workers (L). The isoquants have the usual smooth shape. The machine costs $ 1,000 per day to...
-
A freight company uses a compressed spring to shoot 1.60 kg packages up a 1.00-m-high frictionless ramp into a truck, as the figure(Figure 1) shows. The spring constant is 345 N/m and the spring is...
-
Correct the false statements. Why are they false? 1.) People with a high need for orientation tend to be resistant to the media's political priorities. 2.) Cultivation theory predicts that the...
-
1. Fish Co. has been operating for 2 years. At the beginning of 2022, the company had the following account balances: Cash Equipment Building Accounts payable Land Inventory Notes payable (short...
Study smarter with the SolutionInn App