Situation 4-1
during the winter of 1973-74, a general system of wage and price controls...
Situation 4-1
during the winter of 1973-74, a general system of wage and price controls (including a price ceiling on gasoline) was in force in the united states. at the beginning of 1974, some oil-producing countries imposed an oil embargo (a legal prohibition on commerce) on the west. in the spring of 1974, price controls were abolished.
refer to situation 4-1. if no price controls had been in place, the effect of the oil embargo on the equilibrium price and quantity of gasoline would have been
a)an increase in both price and quantity.
b)an increase in price and a decrease in quantity.
c)a decrease in price and an increase in quantity.
d)a decrease in both price and quantity.
Answers: 2
Business, 22.06.2019 05:30, huangjianhe135
Excel allows you to take a lot of data and organize it in one document. what are some of the features you can use to clarify, emphasize, and differentiate your data?
Answers: 2
Business, 22.06.2019 14:30, mathhelppls14
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
Business, 22.06.2019 22:10, tilsendt
Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800
Answers: 1
Chemistry, 07.11.2019 05:31