Look up the current price of oil in a commodity index. (Ex. stock market). What trends do you see (Look back 1 year, 5 years, and ten years)? Is there a correlation of the crude oil price and the prices at the gas stations in Portland Maine ? Why or why not?
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Look up the current price of oil in a commodity index. (Ex. stock market). What trends do you see (Look back 1 year, 5 years, and ten years)? Is there a correlation of the crude oil price and the prices at the gas stations in Portland Maine ? Why or why not?
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- Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for keyboards. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. 05010015020025030035040045050080726456484032241680PRICE (Dollars per keyboard)QUANTITY (Keyboards)Demand Supply Graph Input Tool Market for Keyboards Price (Dollars per keyboard) Quantity Demanded (Keyboards) Quantity Supplied (Keyboards) The equilibrium price in this market is per keyboard, and the equilibrium quantity is keyboards bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and…Forecast the demand for the rice for a country for the year 2019 on the basis of 7-year data given in table: Year 2012 2013 2014 2015 2016 2017 2018 Population (millions) 10 12 15 20 25 30 40 Rice consumed (million tonnes) 40 50 60 70 80 90 100Discuss three different possible techniques which a company can use to forecast the demand for its products.
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- Analysts say that the increase in gasoline prices comes a drop in SUV sales and trade-in values at dealerships.The U.S. Department of energy said that during the past week, U.S. gasoline topped $3 a gallon - the highest level since October 2008. According to Alec Gutierrez,lead analyst for vehicle evaluation at Kelley Blue Book, SUV sales have decreased about 1 percent since the last major gasoline price hike in spring 2008. He doesn't believe that SUV sales will decrease significantly unless prices reach $3.50 to $4 per gallon. if a gasoline price hike of 5 percent caused the SUV sales drop described, what is the cross-price elasticity of demand between gasoline and SUVs?Choose the type of forecasting technique that would be most appropriate for predicting; The impact a price increase of 10 per cent would have on sales of orange marmalade. Answer 1 The popularity of a new television series. Answer 2 Demand for Mother’s Day greeting cards. Answer 3 Demand for toothpaste in a particular supermarket. Answer 4 Demand for vacations on the moon.e Price -Q₁ Quantity Which of the following scenarios is BEST represented in the graph? A number of sellers increase B decrease in government taxes C resource costs increase D technology improves
- 21:15 ןווa Instagram WhatsApp Image 20... Energy Resources: Indicate which statements are true and which are false Researchers in the petroleum industry believe that, from a technological standpoint, up to an additional 80% of the oil initially in a reservoir might be extractable by enhanced-recovery methods. • False Among industrialized nations worldwide, there is an apparent inverse correlation between gasoline price and gasoline consumption. + TrueWhat other variables do you expect to influence the number of international travelers?What purpose would the demand curve for a product have in developing a sales forecast?