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

Author Question: If there is a surplus in the oil market, then the price of oil will: a. rise. b. fall. c. remain ... (Read 20 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
If there is a surplus in the oil market, then the price of oil will:
 a. rise. b. fall.
  c. remain unchanged. d. react unpredictably.

Question 2

Assume Qs represents the quantity supplied at a given price and Qd represents the quantity demanded at the same given price. Which of the following market conditions produce a downward movement of the price?
 a. Qs = 1,000, Qd = 750 b. Qs = 750, Qd = 750.
  c. Qs = 750, Qd = 1,000 d. Qs = 1,000, Qd = 1,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bison

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


casperchen82

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 30, 2018
Correct answers!


Bison

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Hip Typically occurs as a result of a fall; with osteoporosis, hip fractures can occur as a result o Hip Typically occurs as a result of a fall; with osteoporosis, hip fractures can occur as a result o
Cryptorchidism. (a) In complete cryptorchidism, the testes of a newborn have failed to descend into Cryptorchidism. (a) In complete cryptorchidism, the testes of a newborn have failed to descend into
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
Fall & Injury Prevention Mnemonic Fall & Injury Prevention Mnemonic
Gliding Phoenix. Beginning position: Legs straight and together, arms at sides of body. 1. Rise up ... Gliding Phoenix. Beginning position: Legs straight and together, arms at sides of body. 1. Rise up ...
Video: Definition of heart rate

For a complete list of videos, visit our video library