This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Crude oil can be refined into home heating oil or gasoline. If very cold weather caused the price of ... (Read 98 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
Crude oil can be refined into home heating oil or gasoline. If very cold weather caused the price of home heating oil to increase then, the
 
  A) supply of gasoline would increase.
  B) demand for gasoline would increase.
  C) equilibrium price of gasoline would rise.
  D) Both answers A and C are correct.

Question 2

If an industry lacks barriers to entry and each of the many firm faces a demand curve with a negative slope, the industry is
 
  A) perfectly competitive.
  B) monopolistically competitive.
  C) an oligopoly.
  D) a monopoly.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shayla

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


imanialler

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Wow, this really help

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Adaptation to extreme cold in an ectotherm. Adaptation to extreme cold in an ectotherm.
Drake - Hold On Were Going Home Drake - Hold On Were Going Home
The crude oil refining showing most of the major steps and processes. The crude oil refining showing most of the major steps and processes.
Stronger threads are created by cold rolling a heat-treated bolt blank instead of cutting the ... Stronger threads are created by cold rolling a heat-treated bolt blank instead of cutting the ...
Cold Fronts Cold Fronts
Weather Maps Weather Maps
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library