there is one gas station in a small rural town. the owner of the station claims that he will sell the same quantity of gas, no matter how high or low the price. If he is correct in this assertion, what must be true about the demand curve for gas at his station?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “there is one gas station in a small rural town. the owner of the station claims that he will sell the same quantity of gas, no matter how ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is NOT an accurate statement? a. William Schaffer, International Business Development Manager for Sun Microsystems has stated, "If there's one skill that's required for success in this industry, it's communication skills." b.
Answers (1)
Aaron decided to invest his money in several technology start-ups. He was quite excited and told his wife about his new financial venture. She was very supportive. Eighteen months later, all but one of the companies had declared bankruptcy.
Answers (1)
Amounts paid for room and board and meal plan are qualified education expenses for claiming the American opportunity credit. a. True b. False
Answers (1)
Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to improve their performance in supply chain management. a. True b. False
Answers (1)
A good customer value proposition should: a. guarantee benefits that cannot be delivered yet. b. list all the benefits of a salesperson's offerings. c. be as specific as possible on intangible outcomes. d.
Answers (1)
New Questions in Business
All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. The adjusting entry for deferred revenues increases assets and increases revenues.
Answers (1)
Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process.
Answers (1)
Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value? Choose one answer. a. pawnbroker b. credit card c. ATM d. payday loan
Answers (1)
Check My Work (1 remaining) Motor Sports, Inc., sues A-Z Speed. Motor Sports alleges that A-Z breached (failed to perform) a contract that required A-Z to sell ten Jet Skis to Motor Sports.
Answers (1)
CableVision has been approached by the City of Mirada to run its cable operations in 2020. After negotiating with key parties, CableVision has made the following agreements:It will offer Mirada residents a basic set of 25 cable television stations
Answers (1)