Read the scenario and answer the question.
A hurricane hit the Georgia coast and citizens living along the coast lost power to their homes for two weeks after the storm. During that
time, citizens had limited access to drinkable water and gasoline for their vehicles and generators.
Since gasoline was more scarce than usual, how was the market for gasoline likely affected following the storm?
A
The price of gasoline increased in coastal cities since gasoline was harder to find.
B
Citizens purchased substitute products that would satisfy their demand for gasoline.
С
The demand for gasoline decreased until it became widely available once again.
D
Temporary shortages of gasoline resulted in a price reduction by producers.

Answers

Answer 1

Answer:

A). The price of gasoline increased in coastal cities since gasoline was harder to find.

Explanation:

As per the principles of demand and supply, a decrease in supply while demand remains constant will cause the price to increase.  In Georgia, the supply of gasoline was interrupted by the storm's effect. There was little gasoline coming in, leading to a shortage. After Electricity went off, gasoline demand must have gone high as people needed fuel for generators.

Gasoline has no close substitutes, especially when used as fuel for cars and generators. A shortage results in the scramble for the little available products. Sellers hike prices to maximize profits, and buyers are willing to pay more to get the scarce gasoline, thereby increasing its prices.


Related Questions

Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Luis has all of the following deductions from his gross pay:
federal tax from the following table
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of his gross pay
Medicare tax that is 1.45% of his gross pay
state tax that is 19% of his federal tax
Determine how Luis’ net pay will be affected if he increases his federal withholding allowances from 2 to 3.
a.
His net pay will decrease by $19.00.
b.
His net pay will increase by $19.00.
c.
His net pay will decrease by $22.61.
d.
His net pay will increase by $22.61.

Answers

ANSWER:

His net pay will increase by $22.61.

Explanation:

Im pretty sure this is right.

Answer:

D 22.61 increase

Explanation:

What is federal income tax?

The federal income tax is a significant deduction from an employee’s ______
pay.

Answers

Answer:

The federal income tax is a significant deduction from an employee’s personal

pay.

Explanation:

Nothing make sense

Answer:

I believe its Gross pay

Explanation:

gross pay is what an employee has before taxes

GUYS I NEED YOUR HELP ASAP. ok so im running for school secretary and well i forgot to make an online flyer its due TOMORROW do you guys know any good online customizable flyer websites . if so lmk in the comments i will be forever grateful!!!! btw i just put a random subject

Answers

Answer:

canva is a good one

lemme know if u like it haha

i use lucidpress a lot too for most of my projects !

please help, easy multiple choice question
whoops meant to put it in art

Answers

Answer: The answer that is correct is the last one, which is shape.

I hope this helped!

the enclosed space between where lines meet is called a shape:)

An example of a poor study environment is a place with

Answers

Answer:

A place with a lot of noise, poorly lit, and distractions

Answer:

D

Explanation:

Shares can be exerted forfeited:
a for- non Payment of call
money
b) for failure to attend meeting
c o for Payment of calls in advance
d. None of these.​

Answers

Answer:

a for- non Payment of call

money

Explanation:

SHARES can be FORFEITED in a situation where a member or a shareholder of a company or an organization refused to pay his or her call money.

A member or a shareholder who is expected to pay his or her call money are often given some numbers of days by the company which will serve as a notice for such shareholder to make their payment in which if such shareholder refused to pay the call money within the stipulated time his or her shares will be been FORFEITED and in a situation where the shareholder shares is been FORFEITED that means such individual will no longer be a shareholder of the company or the organization.

Therefore Shares can be exerted forfeited FOR NON-PAYMENT OF CALL MONEY.

What are the three advantages of high specific heat capacity of water? (write'em in points)​

Answers

Answer:

organism can maintain their normal body temperatureaquatic organisms can live in a relatively stable temperature

Your department has been having things come up missing lately . You've been noticing but no one else has said anything . Two other people work in your department . how will you handle this issue ?

Answers

Answer:Are you friends with these other colleges if you’re you should try asking questions concerning the incidents but be careful so you don’t throw any of them especially if one of them might be the culprit

Explanation:

Gus decides to park his canmper in an empty overgrown lot and connects wires from his camper to an electric pole to obtain electricity. Because
Gus's actions in connecting wires more than likely violate a county ordinance or state law preventing individuals from connecting wires to power
cables installed by the electric company, Gus is liable for
fraud
O trespass
O nuisance
O negligence

Answers

Answer:

negligence

Explanation:

Answer:

It was trespass on edge quiz

Explanation:

The cost of campaigning requires candidates to conduct extensive
activities.
O community service
O fund-raising
O illegal
O campaigning

Answers

Answer:

fund-raising

Explanation:

Running for a political office is an expensive affair. The candidate and political party require a lot of money to run a successful campaign. To raise funds needed to conduct campaigns, political parties and candidates organize fundraising activities and events.

Community service and campaigning are good platforms to woe voters but cannot generate funds to run for a political office.

What do you think would be the most difficult part of being a public relations specialist?​

Answers

Answer:

Public relations specialists create and maintain a favorable public image for the organization they represent. They craft media releases and develop social media programs to shape public perception of their organization and to increase awareness of its work and goals.

Explanation:

A public relations specialist has to face difficulties like being able to maintain the image of the public figure that they have created for themselves in the eyes of the society.

Who is a public relations specialist?

A public relations specialist is an individual or an organization who looks after the creation, maintenance of the image of a public figure and looking after the affairs related thereto.

There are many difficulties that might come in this way, like behavior of such individual in the society, positive or negative actions of such affairs and ensuring that the image of such individual in the society stays.

Hence, it can be stated that a public relations specialist has to face numerous difficulties in his daily course of life.

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c. Describe the role a sales person would play in selling this type of product. How much help would customers be likely to need from the sales person? (1-3 sentences.

Answers

Answer:

They would help the product that they are selling sell better and would provide examples that would help the product sell better. The better the product sells the better the sales person gets paid. they would likely need not much help sense a sales person is mostly just for the company to sell their product or service well.

Explanation:

I hope this helped

Gina is conducting a bank reconciliation. She finds that the reason why the
accounts do not balance is because of a service fee. This amount should be
OA. added to the bank balance
B. added to the book balance
OC. subtracted from the bank balance
OD. subtracted from the book balance

Answers

Answer:

C. subtracted from the bank balance

Explanation:

A service fee is an amount charged by banks for services rendered. It is an income to the bank but an expense to the business. The banks deduct service fees automatically from the customer's accounts. The amounts and the date that a service fee has been charged reflects as a deduction on the customer's bank statement.

In reconciliations, the service fee should be deducted from the bank's balance. It is money that belongs to the bank and should reduce the customer's bank balance.  

Answer:

D. Subtracted from the book balance

Hope this helps :)

10 POINTS PLEASE HELP ASAP
What kind of product should a country produce to obtain the maximum gains from trade?

A.
Products that have the lowest opportunity cost of production.
B.
Products that have the highest opportunity cost of production.
C.
Products that need to be produced using the most expensive resources.
D.
Products that can be produced with a minimum number of resources.

Answers

Answer:

I wanna say D

Explanation:

hope that helps

The products that can be produced with a minimum number of resources  a country should  produce to obtain the maximum gains from trade. Thus option (D) is correct.

What is Trade?

Trade refers to the voluntary exchange of goods or services between economic actors. Since transactions are consensual, trade is generally considered to benefit both parties.

In finance, trading refers to purchasing and selling securities or other assets. In international trade, the comparative advantage theory states that trade benefits all parties.

Most classical economists advocate for free trade, but some development economists believe protectionism has advantages. In macroeconomics, trade usually refers to international trade, the system of exports and imports that connects the global economy.

A product sold to the global market is an export, and a product bought from the global market is an import. Exports can account for a significant source of wealth for well-connected economies.

Learn more about Trade here:

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Which type of insurance covers individuals by giving them a
portion of their wages in the event that they are unable to work for
a long period of time due to illness or injury?

O Collateral
O Disability
O Liability
O Property

Answers

Answer:

Disability

Explanation:

Disability insurance offers protection against the loss of income due to disability or sickness. This insurance policy provides income to the insured if they are unable to work as a result of a disability or serious illness. Disability insurance coverage is available from private insurance companies and government-backed programs.

Answer:

Disability

Explanation:

Adrian is an investor. He reviews the income statement of a company and concludes that he will benefit from investing in it. What is the information that is provided in the income statement that most likely helped him make this decision?

A.
income statement showed the debts the company owes
B.
income statement showed the net profit of the company for a specific period
C.
income statement showed the assets of the company
D.
income statement showed the equity capital of the company

Answers

Answer:

B. income statement showed the net profit of the company for a specific period

Explanation:

The management prepares an income statement at the end of a financial year to show whether a business made a profit or loss. It lists all the revenue in the top section, the expenses in the middle, and profit or loss at the bottom.

The income statement communicates how much profits a business made during a specific financial period.  Adrian was impressed by the profits that the company made that period.

What are liquid assets? What are non-liquid assets? What are some examples of each?

Answers

Explanation:

A liquid asset allows any individual or a company to access cash at any time they want. ex:Cash or currency, Bank accounts, Accounts receivable

Non liquid assets are assets that cannot be sold or converted into cash easily without a significant loss of investment. Some examples of such assets include houses, cars, land, televisions and jewelry.

hope it helps!

Your friend is hoping to buy a home in the next few years. What should your friend know about the process of finding and paying for a new home? Then consider what you learned in the Wk 3 Learning Path video, "Demonstration Problem Video 6.5: Calculating an Affordable Home Price" in WileyPLUS. How would your friend determine what is affordable?

Answers

Answer:

Following are the solution to the given question:

Explanation:

To purchase a new home, they should first be able to afford a way which will have houses itself on budget and should be able to check all similar houses in the area but in others. To pay for the new house, he may pay directly if he does have the amount of money, or if he's had a home mortgage that is also recognized as a car loan, meaning according to his credit history, he receives a loan against the price of a property he plans for purchase, and therefore, that interest rate is decided.

To order to calculate what is reasonable, they need to find out just how much cash he has as well as how many loans he would pay to be compensated for by the EMI on schedule.He should be good at all the financial products he allows usage of it for a better credit record. For a successful FICO score to also be kept, the individual needs to pay the credit card debts and other expenses, like utilities or electricity. He must not make many banks' loan applications since the more requests he creates, and the affected is his FICO score, spoiling the credit record.

PLEASE HURRY!!!! Thanks! ;)
How do you know when you can afford something? When you have the ———————- to pay for it!

Answers

Answer:

Umm. Money

Explanation:

Well its not bananas or ketchup is it?

7. "Skill is necessary to develop team spirit”. Justify your answer.​

Answers

Answer:

ghjj

Explanation:

jjkkklnnnmmmn jjjjj jjjn

Does the U.S. have a trade deficit or surplus?

Answers

Answer:

surplus

Explanation:Don't quote me on this because I might be wrong, but I think the united states has a trade surplus because of the dependence on U.S trade globally. China has a trade surplus because they have some the biggest and busiest factories and shipping outposts. Since the U.S has such a high trade level with the trade Surplus of china the U.S is also a trade surplus.

many companies are replacing their annual inventory counts with daily cycle counts of smaller segments of inventory in order to__.
a. reduce airs and catch any problems earlier
b. reduce their inventory
c. reduce overhead costs
d. reduce reliance on computerized inventory management​

Answers

Answer:

a. reduce errors and catch any problems earlier

Explanation:

Daily inventory cycle counts allow companies to immediately identify variances in inventory and their causes. The organization can then put measures to address the problem. Detecting problems early and employing corrective measures prevent a business from incurring heavy losses as opposed to waiting until the end of a period for a stock take.

Organizations are opting for daily stock stocks for more accurate reporting, customer-friendly stock management, and early detection of inventory problems.

1. What act prohibits wholesalers and retailers from pricing products below cost? (1 point)
O the Robinson-Patman Act
O the Unfair Sales Act
O Antitrust Act
O the Consumer Goods Pricing Act of 1976
00 DLL

Answers

Your Answer for this question would be the Unfair Sales Act!

Hope this helps!

In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity
theft?
a. credit card number
b. date of birth
c.phone number
d. place of birth

Answers

Answer:

a

Explanation:

with a credit card number that can access you money, name, and your d.o.b

with a d.o.b they cant do anything bc a lot of ppl have the same birthday

phone number they cant do anything bc more than 1 person have the same number like if someones bill wasnt paid, they recycle the #.

place of birth a lot of ppl were born at the same hospital

In the wrong hands, the credit card number would present the greatest risk for identity theft.

What is credit card number?

A credit card number is a string of numbers that appears on the front of the card. Its purpose is to find out who owns the credit card and who owns the account. It also aids in fraud prevention.

With the credit card number, the name, and date of birth of any person can be detected. They can't accomplish anything with a date of birth because so many people share the same birthday.

The credit card number poses the biggest risk of identity theft in the wrong hands.

Therefore, option a is correct.

Learn more about the credit card, refer to:

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14) Which of the following is an attempt by a fim to increase the demand for its product? (3SEMI21
DOK: 2)
the imposition of a price ceiling on the product
A
B. an advertising strategy designed to change consumer tastes and preferences
C. a marketing strategy to make the good scarce and therefore more expensive
D. a production strategy to flood the market with the good or service

Answers

Answer:

B. an advertising strategy designed to change consumer tastes and preferences

Explanation:

Increasing the demand for a product refers to the activities of making products desirable to customers. It involves interesting customers with the product or services to influence them to purchase.  

Advertising is a strategy for creating awareness for a product in the market. It entails communicating the benefits of a good or service to potential customers in a manner that persuades them to buy. Advertising creates the demand for a product by influencing customer perceptions and opinions on the commodity or service.

Tony earned a bachelor's degree at a public school. Which type of higher education institution did he attend?
A.
A 2-year college.
B.
A propriety school.
C.
A theological school.
D.
A 4-year university.

Answers

Answer:

D

Explanation:

Bachelor Degree is 4 years

Answer:

D.  

A 4-year university.

Explanation:

What are the primary reasons people choose to invest and trade stocks?

(Select all that apply.)


to earn a dividend to earn a dividend , ,

to earn capital gains to earn capital gains , ,

to earn predictable quarterly interest to earn predictable quarterly interest , ,

to earn money that is liquid

Answers

Answer:

to earn a dividend

to earn capital gains

Explanation:

Stocks represent ownership in a corporation. Shareholders are entitled to share in the profits of the business. The portion of profits that shareholders get for contributing capital is the dividend.

Investing in stocks makes one a shareholder and gives them the right to dividends. Investors always select the stocks of companies likely to declare high dividends. Dividends is an important reason why investors opt for shares or stocks.

Stocks of corporations that are performing well financially are likely to increase in price. Investors buy stocks when prices are low and selling them when prices appreciate. That way, they can profit through capital gain.

Dividends and capital gains are the rewards that investors gain from stocks. Interest is earned on deposits and loans.

What could help you demonstrate to an interviewer your skills in handling difficult situations? A. a description of your qualifications and work experience B. a review of the research you've done on the company C. an example of how someone you know handled a lawsuit D. a story of a time when you solved a problem at work

Answers

Answer:

D. a story of a time when you solved a problem at work

Explanation:

By describing a time when you solved a problem at work, the interviewer would have a glimpse of your problem solving abilities.

What do you mean by sustainable development? What is as relation with environment.​

Answers

Answer:

The concept of sustainable development was described by the 1987 Bruntland Commission Report as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”

Explanation:

What benefits many and is not consumed when used?
O Private Goods
O Free Goods
O Regular Goods
O Public Goods

Answers

Answer:

Public Goods

Explanation:

Public goods refer to commodities and services available for use by all members of a community. They are provided by the government through taxes. Because the government funds public goods, they benefit everyone in society at no extra costs.

Examples of public goods include public roads, street lighting, police service, national defense, and public bridges.

Public goods are both non-rivalry and non-excludability. They don't get exhausted when consumed, nor is it possible to exclude others from consuming them.

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Approximate square root of 12 to the nearest tenth. A cell phone company charges $50 for the phone plus a monthly service charge of $30. The equation y =30x + 50 gives the cost y after x months. Which is true of the relationship between x and y?A. It is linear and proportional.B. It is not linear.C. It is linear and nonproportionalD. It is not linear and nonproportional write a paragraph with this line in it."if only i hadn't gotten a glow-in-the-dark tattoo"must be at least 6 sentencesthank you to whoever helps happy holidays What conditions may occur when a population is in exponential growth Find the coordinate of the midpoint of line 5,6 and 5,3 A meterorite has velocity of 1544 m/s and a mass of 45 kg. Find its momentum Explain What the author means by the Main Idea.I want an answer but not just an answer the best.You will get brainliest and get over 10 points. Please tell me how much points did you get in the answer Dina is making a logo and she decides to use a regular polygon. Each interior angle of the polygon measures 140. what is the number of sides of this polygon? What type of nerves in the nervous system carry signals to the brain to tell it about what is going on in the outside world? Motor neurons Sensory neurons Which of the following statements would an "Enlightenment" philosopher most agree?A. The right to rule comes from GodB. A strong military is needed to keep people in lineC. The right to rule should come from voting by the peopleOD. Slavery is a good thing Why is the Northwest Coastal Region a unique area for the Chinook and Tlingit tribes? AYO! What did Confucius teach is the greatest value?A. Filial pietyB. LoyaltyC. EtiquetteD. Righteousness what is the Mean Median Mode 1) 81,83,44,91,40 Michelle has a bank account balance of $184. She deposits $38 and then spends $45 when she goes shopping. please could you give me the answer? What was the effect of the Hebrews return canaan on the Canaanites Manuel saved $375 in 6 months. At this rate, how much will he save in 2 years What is the main advantage ofiron ore that was capitalized uponduring the Industrial Revolution?A. It is the natural resource used to make steel.B. It burns clean to produce energy.C. It is an ideal metal for making jewelry.D. It has a lightweight property which makes iteasy to transport. How did the Catholic Church influence the growth of art and architecture in medieval Europe? A)The pope himself was an artist.B)The church paid people to create art.C)Monks taught art classes to Christians.D)Friars traveled to find works of Christian art. In the worst snowstorm in Milwaukee history, 8 inches of snow fell in 12 hours. What wasthe unit rate of inches of snow per hour?24 inches11/3 inches1/2 of an inch2/3 of an inchMusic offOeDa10:18 AM12/11/2020