subject
Business, 28.01.2020 22:52 ashleyprescot05

In 2007, the price of oil increased, which in turn caused the price of natural gas to rise. this can best be explained by saying that oil and natural gas are:
a. complements and the higher price for oil increased the demand for natural gas.
b. complements and the higher price for oil decreased the supply of natural gas.
c. substitutes and the higher price for oil increased the demand for natural gas.
d. substitutes and the higher price for oil decreased the supply of natural gas.
e. unrelated and the prices of both products increased because of increased reliance on fossil fuels

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 10:30
What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the
Answers: 3
question
Business, 22.06.2019 11:50
The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.
Answers: 3
question
Business, 22.06.2019 13:00
Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:
Answers: 1
question
Business, 22.06.2019 16:00
Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
Answers: 1
You know the right answer?
In 2007, the price of oil increased, which in turn caused the price of natural gas to rise. this can...
Questions
question
Mathematics, 20.06.2019 18:04
question
Mathematics, 20.06.2019 18:04
Questions on the website: 13722367