An approaching snowstorm prompts many consumers to want to buy snow shovels. Unfortunately, one of the local snow shovel factories recently burned down, so supplies of shovels are running low. As a result of these circumstances, both supply and demand shift. Click on the area of the graph most likely to contain the new equilibrium price (P2) and quantity (Q2).

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.

What is the sequence of events that could lead to trade surplus