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 97 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

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

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.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Continued harvest of (a) cod and (b) mountain sheep by humans has caused evolutionary changes in mat Continued harvest of (a) cod and (b) mountain sheep by humans has caused evolutionary changes in mat
Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ... Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ...
A rectangular-shaped fuel rail is used to help dampen fuel system pulsations and noise caused by ... A rectangular-shaped fuel rail is used to help dampen fuel system pulsations and noise caused by ...
Upper Airflow and Weather Forecasting Upper Airflow and Weather Forecasting
This patient presented with a case of facial palsy caused by an infection by the bacterial ... This patient presented with a case of facial palsy caused by an infection by the bacterial ...
Cold Front Cold Front
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library