Gasoline Economics Essay Example | Topics and Well Written Essays - 1750 words

Gasoline Economics - Essay Example According to the above diagram, the positive in demand curve from D1 to D2 will result in increasing in price (P) and quantity (Q) of the gasoline. As a result the supply curve will shift to the right from S1 to S2. Equilibrium is the point where the quantity demanded equals the quantity supplied, thus there's no surplus of goods and no shortage of goods. Initially, E1 is the equilibrium point and due to the increase in demand, equilibrium shows at E2. However after the demand increase supply will decrease and equilibrium point shows at E3. According to the above diagram, the positive in demand curve from D1 to D2 will result in increasing in price (P) and quantity (Q) of the gasoline. As a result the supply curve will shift to the right from S1 to S2. Equilibrium is the point where the quantity demanded equals the quantity supplied, thus there's no surplus of goods and no shortage of goods. Initially, E1 is the equilibrium point and due to the increase in demand, equilibrium shows at E2. However after the demand increase supply will decrease and equilibrium point shows at E3. Figure 1: Demand for and Supply of gasoline According to the above diagram, the positive shift in demand curve from D1 to D2 will result in an increase in price (P) and quantity (Q) of the gasoline. As a result the supply curve Source: Review of Economics and Statistics, 57(4), 502-07 According to the above diagram, the positive in demand curve from D1 to D2 will result in increasing in price (P) and quantity (Q) of the gasoline. As a result the supply curve will shift to the right from S1 to S2. Equilibrium is the point where the quantity demanded equals the quantity supplied, thus there's no surplus of goods and no shortage of goods. Initially, E1 is the equilibrium point and due to the increase in demand, equilibrium shows at E2. However after the demand increase supply will decrease and equilibrium point shows at E3.Suppliers adopt their own strategies in order to meet contingency demand by consumers. As a result suppliers tend to change their strategy according to the shifts in demand (Comnor, & Jon, 2001). Assuming a greater degree of pressure on supplier networks coming from greater market demand, suppliers would up their stake in the ultimate outcomes of the corporate strategy and business policy. This is the inevitable result of growing power of big Gasol ine organizations becoming more and more independent on to expand business. (B) Consumer demand and behavior - related to GasolineConsumers are very important for the business organization in determining its corporate strategy. For example customers can either make or break a business organization on the basis of demand. The business organization depends on customers' perceptive behavior to such an extent that the former has very little freedom in deciding the corporate strategy and production policy in any other possible way. The Gasoline prices have a big impact on consumer behavior. Thus consumers are not very responsive with their demand related to changes in the gasoline prices. As a result of rising gasoline prices consumers have been forced to cut down on their other needs and wants needed for their day today life. It also reduces savings and real income growth and other forms of consumption such as entertainment, eating out, electronic items, and vacations. Thus that the percentage of income set apart for gas and oil is inversely proportional to inco me. That is the less a person earns the higher the percentage set apart for

History 4 discussion Essay Example | Topics and Well Written Essays - 500 words

History 4 discussion - Essay Example Therefore, successful outcomes of reduced insurgence by the north and their retreat could count in indicating that US was winning the war. Hamburger Hill is one the movies that gives an account of the occurrences that took shape in the Vietnam War and relays the story from the soldiers who took part in the war. The movie shows an attempt to take Hill 937 by the US troops and the negative impact that war brings about. Other films that also give a firsthand account of the war are, Band of Brothers and Saving Private Ryan. Limited war is the opposite of total war. The war was based on ideologies of means and end. Because of constraints in terms of the resources like financial, military and human, the presence or absence of a vision played a great role in influencing the outcome of the war. The war had to be fought by any means in order to attain the desired result. The end was to justify the means. The topic describes the Vietnam War as formless and could hardly be sustained. It had crude statistics of measuring a win. Assuming that Southern Vietnam was not an excessively hard place to operate and under-estimation of the enemy, made the war possible and sustained. The Viet used Guerrilla tactics in their combat. The US soldiers, on the other hand, used the search and destroy tactics as well as bombing the economic and industrial centers of the enemy soldiers and this tactic obliterated the Viet Cong army. To describe the Vietnam war as formless and frontless, I think creates a picture of lack of military organization with no clear cut means of measuring attained success and no strategies to secure the secured enemy territory. The war had no specific objective that could be pointed out and was, thus, formless. It was hard to identify signs of victory. Fighting could take place anywhere at any time with no frontline. The Cuban missile crisis was a great threat of nuclear war in the world. The patience exhibited by J.F Kennedy helped put the