Explain the roles of demand and supply in changing gasoline prices after hurricane katrina and rita

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Answer 1
In the immediate aftermath of hurricane Katrina and Rita, supply of gasoline was very low, as suppliers of gasoline,were unable to bring gas to the stations. This raised prices drastically as demand increased due to people fleeing the devastation.

Related Questions

Acme co. just completed the incorporation process and received its articles of incorporation from the state. at the first organizational meeting of the new company, the officers' most important task is to:

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the officer's most important task is to adopt by-laws,
In business term, by-laws refers to set of rule that created by the company in order to control the action of its members.
The company need to do this because The action of its members could affect the whole operation of the company whether it's from operational point of view or from company's reputation within the society.

"the four asian tigers were the first countries in asia, after ____, to move from a status of developing countries to newly industrialized countries."

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The Four Asian Tigers were the first countries in Asia, after Japan, to move from a status of developing countries to newly industrialized countries. The four countries were inspired by Japan's evident success, and they collectively pursued the same goal by investing in the same categories

Increasing W-4 allowances will ________ the net pay in your paycheck and ______ your total tax burden.

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The answer is Increase and Decrease
W-4 allowance is deducted directly from the total of your salary by the employers.This means that the amount of money that you could take home will be reduced.
Since the employers now in the possession fo a certain percentage of your income, the tax burden is now no longer in your hands, which will reduce your amount of tax payment.

In which type of business would you most likely find a theory x style of management?

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the answer to this question is mass manufacturing company
The type X style of management based on the assumption that all of their employees dislike works and will do anything in their power to avoid it.
Because of this, mass manufacturing company is perfect because it utilized machineries rather than actual workers.
A Mass manufacturing business would be a classification of business wherein the theory x style of management would be commonly be observed. Since, a mass manufacturing business, requires a lot of workers bound to help in creating products, the theory suggests that there are workers who dislikes work and has little ambition for their work and are unwilling to take and accept responsibilities in the careers.

In c++ when a relational expression is false, it has the value ________.

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In c++ when a relational expression is false, it has the value 0. Every  evaluated expression produces a result, and it can be either true or false. If you see that your value is zero, it means that you have to look through the expression again and find mistakes.

Final answer:

In C++, a false relational expression has the value 0. Boolean expressions return 0 for false and 1 for true, and operators such as '==' are used to evaluate these expressions according to truth tables.

Explanation:

In C++, when a relational expression is false, it has the value 0. Boolean expressions in C++ return 0 when they evaluate to false and 1 when they evaluate to true. The concept of truth values is fundamental in programming, where expressions are checked for either being true or false under specific conditions. For example, the operator == compares two operands and produces True if they are equal and False otherwise, with the False evaluation represented as the integer value 0.

It is crucial to understand that logical expressions can be composed of several Boolean operators including && for "and", || for "or", and the negation operator ! to invert the truth value. Each operator has a well-defined behavior on truth values, which can be perfectly illustrated using truth tables. Only True or False results are possible, and with that in mind, we can say that any relation or condition resulting in False will correspond to 0 in C++.

According to herzberg's theory, the first thing managers of employees who dislike their jobs should do is to

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According to the theory of Herzberg’s, the first thing that managers of employees who dislike their jobs should do is to provide a reasonable explanation in terms of their job description, working conditions regarding of what they should and not do, make sure there is a presence of pay levels and there are policies to be implemented.

Pretend you are again a manager of your favorite manufacturing company. you have been asked to determine whether a product (one of your choosing) should be manufactured in-house or outsourced to another vendor. discuss the relevant costs you would consider for this decision as well as irrelevant costs and sunk costs. how would you use differential analysis to arrive at this decision? are there any other items that should be considered when making this decision?

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To decide whether to manufacture in-house or outsource, evaluate relevant costs including direct materials, labor, overhead, and opportunity costs, while disregarding sunk costs. Use differential analysis to compare costs and consider the ability to maintain strategic control over critical functions. The decision should align with the firm's long-term profitability and strategy.

When considering whether a product should be manufactured in-house or outsourced, a manager must analyze the relevant costs. Relevant costs include direct materials, direct labor, overhead, and opportunity costs associated with production. It is also essential to consider the potential outsourcing risk and how it may affect the company's operations and profitability.

Irrelevant costs, such as sunk costs, which have already been incurred regardless of future actions, should not influence the decision-making process. These are historic costs like research and development expenses for the product in question, and they do not affect the marginal cost of production or the price/output decision.

To make a well-informed decision, differential analysis is used. This involves comparing the incremental costs of manufacturing the product in-house vs. the costs of outsourcing. Each potential cost should be carefully evaluated, taking into account not only the short-term financial implications but also long-term effects and strategic implications for the company.

Decision-makers should also contemplate the ability to maintain quality, control over the process, and confidentiality, especially when the product or service is critical to the company's supply chain or customer service strategy.

Ultimately, the decision to make or buy should focus on whether the company can cover its variable costs in the short term and meet or exceed total costs in the long run. Addressing these considerations will help in determining the most cost-effective and strategically sound choice for the company.

Constituency service and private bills are common forms of patronage. true

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That statement is true.
Patronage refers to the preferential treatment that given by the government to a certain organization. Patronage would give a competitive advantage for that organization over the one who don't receive it and usually only given to the company would give the incentive back to the government after obtaining the profit.

What type of schooling for the job welding?

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More than likely you can go to a technical institute to get certified as a welder

Answer:

There's college courses that certify you, apprenticeships, jobs that train you, high school courses that can get you certified and businesses like ironworker associations that you can pay to test for a certification.

Explanation:

One major difference between a nation's balance of trade and its balance of payments is that

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The balance of commerce is the difference in the value of exports and imports of only visible items. The balance of trade adds imports and exports of goods alone, clearance items. A balance of trade of  a country can be favirable or infavirable but BoP regularly balance

Last week stephanie quit her job as a copywriter at an advertising agency. she has spent the past few days browsing the help wanted ads but hasn't found anything that matches her skills. stephanie is best classified as:

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she Is classified as someone who is jobless and useless

In order for team members to communicate effectively, they need the discipline to _______.
a. Listen to people they agree with
b. Speak only when spoken to
c. Speak to those who disagree
d. Listen first and speak second

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The answer is d. Listen first and speak second.

Answer:

d. Listen first and speak second.

Explanation:

The transfer price that would leave a buying division no worse off if an input is purchased from an internal division is called _____.

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Minimum transfer price

Consumer reports found 68 percent of start-up financing for entrepreneurs comes from:

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I think its personal resources 

In order to ensure success, what are the five rules you need to follow before going into business for yourself?

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Final answer:

Before going into business for yourself, there are five rules you need to follow to ensure success: define your goals, create a business plan, secure funding, research and understand your market, and build a strong team.

Explanation:

Before going into business for yourself, there are five rules you need to follow in order to ensure success:

Define your goals: Determine what you want to accomplish and set specific, measurable, attainable, relevant, and time-bound (SMART) goals.Create a business plan: Outline your business idea, target market, competition, marketing strategy, financial projections, and operations.Secure funding: Determine how much money you need to start your business and explore sources of funding such as personal savings, loans, grants, or investors.Research and understand your market: Conduct market research to identify your target audience, competitors, and market trends.Build a strong team: Surround yourself with talented individuals who complement your skills and can help you achieve your business goals.

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Which access control method model grants rights or privileges based on their job function or position held?

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The answer is role based access control. This is a method of having to regulate access in a computer device in which an individual has task or role that he or she need to do in a way of using the computer device.

Suppose that Bobo purchases 1 pizza per month when the price is $19 and 3 pizzas per month when the price is $15. What is the price elasticity of Bobo’s demand curve?

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bobo's demand curve is elastic hence his purchasing ability is easily influenced by a slight change in the price of the product
Final answer:

The question was about calculating the price elasticity of demand for Bobo's pizza consumption. The calculation involved a percentage change in quantity and price, returning an elasticity measure of 9.52, signifying high responsiveness of demand to price changes.

Explanation:

The question revolves around the concept of price elasticity of demand, which is a measure of the degree of change in quantity demanded of a product in response to a change in its price. In the case of Bobo and his pizzas, let's analyze the scenario: initially,Bobo buys 1 pizza when the price is $19 per pizza and then shifts to buying 3 pizzas when the price decreases to $15 per pizza.

Price elasticity of demand is calculated using the formula:% change in quantity demanded / % change in price. Applying the scenario of Bobo to this formula:
% change in quantity demanded = [(3-1)/1] x 100 = 200%
% change in price = [(15-19)/19] x 100 = -21%

We ignore the negative sign as elasticity is usually talked about as an absolute value. Therefore, the price elasticity of demand = 200%/21% = 9.52. This result implies that the quantity that Bobo demands is very responsive to changes in the price.

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What were the main reasons grange decided to leave school in order to start his own team?

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One of the main reason is He Knocked out in one of the games during high school. Grange remained unconscious for two days after the blow and started to experience difficulity in speaking. This make his career became really blurry and none of the team want to sign him. In the end, he had to make his own team.

when you're attending a college fair, the best way to make use of your time is to

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See which college interests you the most

Vivian owns an art supply store and traffic for her "painting" product group is increasing. to optimize the performance of her painting products, vivian should:

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To optimize the performance of her painting products, Vivian should subdivide the product group and move budget allocation to the best performing products. Product group can be organized for all products. The groups can be categorized by brand or product category.

Why is it important to carefully document an interview?
a. You can learn from the problems and successes during the interview
b. It can help you determine if the company is the right fit for you
c. Documenting the information can help you prepare for a second interview
d. All of the above

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D) all of the above because you should be doing all of these during an interview 
D. All of the above. Because 1. You want to know what you're getting yourself into. 2. You never want to work for someone/something you don't like. 3. If all fails you can better yourself in the future.

Which action is characteristic of voluntary simplicity?

a. learning to live with much less

b. working more to provide for more family wants

c. using products with greater environmental impact

d. adding more possessions that last longer

e. increasing adoption in underdeveloped societies?

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A. Learning to live with much less

Unexpectedly high inflation tends to hurt ________ most

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Unexpectedly high inflation tends to hurt lenders the most. When lenders lend money, it is valuable ,  but the amount of money that must be returned to him/her is fixed. Over time, the value of the money keeps depreciating and finally when the borrower does return the money, the value decreases to a very small amount, which is not worth much. For example, let's say a borrower borrows money from a lender to buy a car. With time, the value of money depreciated so much that when the borrower finally returns the money, the same amount of money is not even worth buying a box a matches!

Which of these describes an economic incentive for entrepreneurs?

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An entrepreneur does not have to share any profits with an employer would be an example of the Economic incentive.
In general, many corporations set up a regulation for its employees who want to open up a business, in which that they're allowed to do it under their employmment as long as they share a percentage of the profit for the company. If this regulations are gone, the entrepreneur would obtain more profit.

Answer:

C.)  motivates producers or consumers to take action.

Explanation:

An economic incentive is best described as something that: C. motivates producers or consumers to take action.

An economic incentive can be defined as a financial motivation, reward, or compensation that are given to either the employees working in an organization, business firms (producers), agriculturalists (farmers), or consumers, in order to motivate them to do more or take certain steps (actions) and give their best.

Kate and tom are dating. kate's car breaks down and she calls tom to come pick her up because she is stranded. if tom chooses to go and help kate, this is likely to

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Helping each other when needed increases the feeling of respect and love for that makes any relationship much stronger.
In the above question, if Tom chooses to go and help Kate, it will to build a trust between both of them. Kate will feel that she can rely on Tom and he will always help her when needed. Tom will also start liking Kate more after helping her.

1) Benjamin has saved $40.00 for concert tickets, but decides to buy a new pair of jeans instead. In this scenario, what do the concert tickets MOST LIKELY represent?

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The concert tickets are represented as an opportunity cost. 
The concert tickets would most likely represent an opportunity cost.

Elizabeth works for a local restaurant. At the end of her shift, she is required to write in the time that she arrived and the time she is leaving so that she can be paid appropriately. Today Elizabeth was 15 minutes late for work. What would be the most ethical thing for Elizabeth to do?

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At the end of her shift, she's supposed to write in the time she arrived and the time she was leaving, so she probably should write the time she actually came in rather than the time she was supposed to come in. In addition, she would probably want to tell her supervisor that she's sorry and let them know why she was late as she probably should come at an assigned time for a reason

I believe the answer is:  Honestly  Write in the correct time when she arrived (15 min late) and the correct time she left.

In addition, Elizabeth need to tell her supervisor  about the reason why she's late and said her sorry. Even though this might reduce her pay in the near time, she would create an excellent impression in front of her boss, and increase her likelihood to obtain promotion or bonuses.

A decrease in supply, with no change in demand, will lead to ________ in equilibrium quantity and ________ in equilibrium price.
a. an increase; an increase
b. an increase; a decrease
c. a decrease; an increase
d. a decrease; a decrease

Answers

d
you can use common sense for this
Demand for potatoes remain the same and supply of potatoes decrease. The number of potatoes sold will decrease and producers naturally increase price of potatoes (to try to earn more)
Final answer:

A decrease in supply with stable demand results in decrease in equilibrium quantity and an increase in equilibrium price. Thus, the correct option is 'c. a decrease; an increase'.

Explanation:

This question is asking about the concept of supply and demand, which is a fundamental concept in economics. Specifically, the question is about what happens when supply decreases while demand stays the same. According to the law of supply and demand, if there is a decrease in supply with no change in demand, it will lead to a decrease in equilibrium quantity and an increase in the equilibrium price. This is because the decrease in supply creates a shortage, which leads to an increase in the price to balance out the market. Therefore, the correct answer to this question is c. decrease; an increase.

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What was the purpose of the national bank according to hamilton?

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Hamilton believed the National Bank would help stabilize the economy. It would create a place where the government could safely deposit money, and the bank would also be able to make loans to the government and businesses. Thus businesses could be started, and when the businesses are successfully running it would increase the money earned by both the individual people and the government. People would be willing to spend more on goods, allowing others to make bigger profits and also be willing to spend more basically he thought it was constitutional

What qualifications are the officials of lilliput expected to have in order to hold high office?

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Final answer:

Officials in high office historically were often expected to have a mix of qualifications, including aristocratic lineage, success in civil service examinations, local or national political influence, and sometimes merit demonstrated through academic or military achievements. Appointments could also happen through lotteries to combat corruption, and democratic processes require evidence of electoral support.

Explanation:

The qualifications of officials expected to hold high office in various historical contexts often included a mix of meritocracy and aristocratic lineage. For example, during the Tang dynasty, connections to influential families or the imperial house were crucial. Successful civil service examinations could also lead to government positions, but they did not fully challenge aristocratic power. In the Han dynasty, local political power could lead to national political power, with recommendations by magistrates favoring men from prominent clans. Similarly, in Silla, routes to office included being part of elite groups like the 'Flower Youths' or demonstrating academic or martial prowess.



Despite these varied paths to power, corruption and patronage were common concerns, and some governments instituted systems to reduce such issues. For instance, some offices required appointments by lot, rotation of positions, and, in certain democracies, the demonstration of adequate electoral support by officials. Monarchies would often require proof of proper lineage to justify holding a position of power. However, in general, the most prestigious and common route into government was through examinations, yet as certain gentry families established themselves, examinations remained important for status, but the offices were often filled by individuals from these families.

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