by about how much did the price of oil decline from 1931-1932?
10perecent
19percent
50percent
90percent
what is the most basic feature of a boom-and-bust cycle?
government regulation
rapid price changes
steady production
the development of a new product
what is one reason for the crash in the boom-and-bust cycle?
overproduction leads to oversupply then to a fall in prices
prices rise too high, causing supply to decrease
the product becomes too valuable, driving away investors
underproduction leads to a decrease in demand
pleas help
The answers are:
D.
B.
A.
fluffy potato is 100% correct
1, I don't know. Check your reading assignment.
I'll be glad to check your answers for the other two questions.
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please answer this i need it
To find out the approximate decline in the price of oil from 1931-1932, you can look up historical data or consult a reliable source such as economic databases or research publications. These sources will provide specific price data for the given period, allowing you to calculate the percentage decline.
The most basic feature of a boom-and-bust cycle is rapid price changes. In such a cycle, there is a period of rapid economic growth, characterized by rising prices and high demand (the boom). This is followed by a sudden downturn, with falling prices, decreased demand, and often economic recession (the bust).
One reason for the crash in a boom-and-bust cycle is overproduction leading to oversupply and subsequently a fall in prices. When production exceeds demand, there is an excess of goods or services in the market, which drives down prices as suppliers compete for customers. This creates a situation where supply exceeds demand, leading to a crash in prices and potentially triggering a recession or economic downturn.
Please note that these explanations are generalizations, and specific circumstances may vary in different boom-and-bust cycles or industries. It is always good to refer to reputable sources or economic studies for detailed and accurate information.