Consider the market for petrol. Which of the following changes would most likely lead to a decrease

Fantastic news! We've Found the answer you've been seeking!

Question:

Consider the market for petrol. Which of the following changes would most likely lead to a decrease in supply?

Group of answer choices

(a) An increase in the price of petrol cars.

(b) The cost of oil refinery increases.

Both b and c are correct

Related Book For answer-question

Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

See More Books

Posted Date: Jan 18, 2021 06:01 AM

See More Questions

Cost of goods sold is shown as a distinct line item on the income statement. Where is information related to cost of goods sold shown on the statement of cash flows under both the direct and indirect...
Cost of goods sold is $100,000. Accounts payable increased by $2,000. Inventory increased by $5,000. Cash paid to suppliers is: Multiple Choice $107,000. $103,000. $100,000. $93,000.
Cost of Goods Sold is reported as an asset on the balance sheet. as a direct reduction of equity on the statement of changes in stockholders\' equity. as an addition to Sales Revenue on the income...
Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for...
Find the isentropic efficiency of the R-134a compressor in Example 6.10
Select the best answer. 1. Which of the following should not be included in the introductory section of a city's CAFR? a. Management's discussion and analysis b. Letter of transmittal c. Government...
Walt Disney reports the following information for its two Parks and Resorts divisions. Assume Walt Disney uses a balanced scorecard and sets a target of 85% occupancy in its resorts. Using Exhibit...
Wie Company has been operating for just 2 years, producing specialty golf equipment for women golfers. To date, the company has been able to finance its successful operations with investments from...
Shelby Woods owns and operates an ice cream factory, the finest of its kind in all the world. Given that pints of ice cream are meant to be identical (for the same flavor), her company uses process...
George Pharmacy is a pharmaceutical salesman who has been very successful at his job in the last few years. Unfortunately, his family life has not been very happy. Three years ago, his only child,...
You would like to have $90,000 in cash to buy a new ride when you graduate in three years. Approximately how much must you deposit at the end of each of the next 12 quarters to have $90,000 cash on...
Belle's Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The company operates in a state with no sales tax. The transactions shown below took place during January....
Compute the sales forecast for the month of January 2023 using the Simple Moving Average forecasting technique and the last 12 months of data from 2022: Monthly sales for the RUOK Company for the...
Plot the magnitude spectrum for the given sequence X(K), then determine the Discrete Fourier transform using direct method. X(K) ={16, 16j,0,-16j, 16,16j, 0, -16j}
Task 3: What is the total surplus change caused by a ban on charging different prices?
The textbook describes two types of workplace climates: defensive and supportive. Provide one real life example of a defensive workplace climate and one real life example of a supportive workplace...
What potential problems could arise by splitting the process across two individuals? (Select all that apply.) A. Customer waits for the order longer. B. Space constraints of two attendants working in...
How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...
Morris & Butler is a large discount brokerage firm. On December 31, 2008, the stockholders equity section of the companys balance sheet indicated that 65,000 shares of the companys common stock were...
Following are price-earnings (P/E) ratios on December 10, 2008, for several prominent companies: P/E Ratio Pfizer Inc....................................................... 10.6 Lowes...
Many companies have been said to manage earnings. Use library or Internet resources to nd out what is meant by earnings management and discuss how it could affect earnings quality.
In the past five years, there have been significant innovations in technology such as smartphones and tablets. Technology companies rely on intellectual property (IP) rights, such as patents,...
Respondents Varsity Brands, Inc., Varsity Spirit Corporation, and Varsity Spirit Fashions & Supplies, Inc., design, make, and sell cheerleading uniforms. Respondents have obtained or acquired more...
Mr. Tam is the front man for the Asian American dance-rock band The Slants. Mr. Tam named his band The Slants to reclaim and take ownership of Asian stereotypes. The band draws inspiration for its...

Consider the market for petrol. Which of the following changes would most likely lead to a decrease

Question:

Expert Answer:

ANSWER b The cost of oil refinery increases Refining is all about heat pressure steamall that is ver... View the full answer

Core Concepts of Accounting

Students also viewed these accounting questions