Limited supply of gasoline

Assignment Help Business Management
Reference no: EM132954368

If prices were not allowed to rise to "clear the market" (that is, ensure that quantity supplied equaled quantity demanded) after the hurricane, how was the limited supply of gasoline allocated among consumers? Specifically:

(a) Which consumers do you think will receive the limited supply of gasoline?

(b) Are they the same people who would receive gas under normal market conditions?

Reference no: EM132954368

Questions Cloud

Find what is the net present value of the norwegian project : Assume that Baps Corporation is considering the establishment of a subsidiary in Norway. What is the net present value of the Norwegian project?
Prepare a schedule to show how trask retained earnings : Net income for 20X1 was $2,400,000. Prepare a schedule to show how Trask's retained earnings changed from January 1, 20X1, to December 31, 20X1
Nominal gdp to gauge economic well-being : Why do economists use real GDP rather than nominal GDP to gauge economic well-being? Explain with example.
What is the operating income : ABC has the following income statement information: Revenue $3,000,000 and Cost of goods sold $1,000,000. What is the operating income
Limited supply of gasoline : If prices were not allowed to rise to "clear the market" (that is, ensure that quantity supplied equaled quantity demanded) after the hurricane, how was the lim
Compute what is the project mirr : A project has an initial cost of $70,000, expected net cash inflows of $13,000 per year for 6 years, and a cost of capital of 10%. What is the project's MIRR?
Summarize the factors that are expected to impact dollar : Summarize the factors that are expected to impact Dollar general's financial position in the next three years. The factors identified should be supported.
What will its dividend payout be : The company anticipates that its capital budget for upcoming year will be $4,000,000 and its net income is reported at $2,800,000. What will dividend payout
How much money can elton contribute to his rrsp account : Carry-forward amounts from previous years, how much money can Elton contribute to his RRSP account this year if the money purchase limit is $24,000?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd