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 58 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
Gracias!

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Negative reading oxygen sensor voltage can be caused by several problems. Negative reading oxygen sensor voltage can be caused by several problems.
Spinal changes caused by osteoporosis. Spinal changes caused by osteoporosis.
Apply the cold source, and ask for immediate feedback. Conform the cold source to the shape of the ... Apply the cold source, and ask for immediate feedback. Conform the cold source to the shape of the ...
Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ... Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ...
Stress and the Common Cold Stress and the Common Cold
The Zones of Injury Commonly Caused by a Thermal Burn The Zones of Injury Commonly Caused by a Thermal Burn
Video: Decubitus Ulcer

For a complete list of videos, visit our video library