Deliverable #2

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nsebchax

Business Finance

Description

I have submitted the following corrections the professor would like to be made. Most of the work has already been completed. There was just a correction that needs to be made. Please review the powerpoint.

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Please note that in order to gain full points, you will need to isolate each market event impact on either Supply or Demand, not both. You will need to do this for the four events that were given in the assignment. I have made note in my comments on exactly how to respond to each question.

At the end of your presentation you will find a breakdown of the competencies and how you scored on these competencies (highlighted in gold)." Below are the assignment instructions

Competency

Explain and demonstrate knowledge of concepts including the supply/demand relationship, price ceilings and floors, and market surpluses and shortages.

Course Scenario

Oil Company X is a large oil refinery which has been expanding and taking on new investment projects. Recently, they have considered building a pipeline that stretches across the United States, from Canada to New Orleans.

The Board is considering a proposal to increase their oil stores to better prepare for events that impact the market price of oil. They have asked you, as a member of the Cost Department, to determine events that effect the price of oil. They have requested a report explaining the various effects of these events on equilibrium price and quantity.

Instructions

As a cost analyst at your firm, you are asked to evaluate the effects that the following scenarios will have on the supply and demand of oil in the oil market. You will submit a PowerPoint document with any relevant graphs, including a narration of the shift changes as if you were explaining them to the Board.

Using the drawing tools in PowerPoint, graph the changes to the supply and demand curves in response to the following events:

  1. Natural disaster near the outlet of the pipeline.
  2. Natural disaster near the inlet of the pipeline.
  3. Recession.
  4. Increase in availability of alternative energy sources.

Be sure to provide an oral explanation to justify why the supply and/or demand curve would shift, the direction of the shift, and the new resulting equilibrium price and equilibrium quantity. Remember that you do not need to include actual figures, but rather explain if the price and quantity would be increasing or decreasing. You can use the drawing tools within PowerPoint to draw your graphs. Also, be sure to include the change in the resulting equilibrium price and equilibrium quantity if any curve shifts occur.

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Hello Tashara I have reviewed and assessed your Module 2 Deliverable. I have included detailed comments on how your work was graded in the body of your work. Please note that in order to gain full points, you will need to isolate each market event impact on either Supply or Demand, not both. You will need to do this for the four events that were given in the assignment. I have made note in my comments on exactly TASHARA COOPER how to respond to each question. Module 2 At the end of your presentation you will find a breakdown of the competencies and how you scored on these competencies (highlighted in gold). In addition, I was unable to locate the recording link in your submission. Please include it in your second attempt. If you have any questions regarding how your work was assessed, please feel free to contact me via email. Regards, Marlo Chavarria I would like to remind you of the requirements of the Unit 2 Deliverable where you are instructed to use a screen recording software. Please see the instructions below: There are many free screen recording software/webware options available (such as Screencast-O-Matic) to use in presenting your PowerPoint. Make sure that both your voiced narration and the PowerPoint slides are captured during your screen recording. I was unable to locate this recording in your submission. Please include it in your second attempt. Introduction  Gas and oil prices increment when something meddles with production. The natural disasters regularly hinder or harm the production facilities, briefly diminishing or ending generation in that area. Disasters may likewise harm or interfere with the pipelines that shape the distribution in the infrastructure. Similar kind of impact is seen during recession and alternative energy sources availability. Natural disaster near the outlet of the pipeline You were asked to evaluate the effects that a natural disaster near the outlet of the pipeline wouldPrice have on the supply and demand of oil in the oil market. In order to gain full points, you D needed to look atS`the following event: Natural disaster near the inlet of D` the pipeline and then summarize the S changes in supply and/or demand curves correctly, adequately explain changes in equilibrium price and Pquantity, use clear Aexamples of each, and provide welldefined reasons for proposal recommendation. P` B Then include the following information: (a) Will Supply or Demand increase or decrease to assist with the natural disaster? (amend this portion of your submission) (b) Will Supply or Demand shift to the left or the right? (amend this portion of your submission) (c) Will the equilibrium price increase or decrease? (amend this portion of Q Q` Quanity your submission) (d) Will the equilibrium quantity increase or decrease? (amend this portion of your submission) Natural disaster near the inlet of the pipeline You were asked to evaluate the effects that a natural disaster near the inlet of the pipeline would have on the supply and demand of oil in the oil market. Price In order to gain full points, you needed to look at the following event: Natural disaster near the inlet of the pipeline and then summarize the changes in D S` supply and/or demand curves correctly, adequately explain changes in D` S equilibrium price and quantity, use clear examples of each, and provide welldefined reasons for proposal recommendation. P A Then include the following information: P` B (a) Will Supply or Demand increase or decrease to assist with the natural disaster? (amend this portion of your submission) (b) Will Supply or Demand shift to the left or the right? (amend this portion of your submission) (c) Will the equilibrium price increase or decrease? (amend this portion of your submission) Q Q` Quanity (d) Will the equilibrium quantity increase or decrease? (amend this portion of your submission) Recession  Price D` S You were asked to evaluate the effects that a Recession would have and then summarize the changes in supply and/or demand curves correctly, adequately D` explain changes in equilibrium price and quantity, use clear examples of each, and provide well-defined reasons for proposal recommendation. P Then include the following information: A (a) Will Supply or Demand increase or decrease to assist with the natural P` portion of your B disaster? (amend this submission) (b) Will Supply or Demand shift to the left or the right? (amend this portion of your submission) (c) Will the equilibrium price increase or decrease? (amend this portion of your submission) (d) Will the equilibrium quantity increase or decrease? (amend this portion of your submission) Q` Q Quantity Increase in availability of alternative energy sources Price D effects that an Increase in availability of You were asked to evaluate the alternative energy sources would have and then summarize the changes in S S` supply and/or demand D` curves correctly, adequately explain changes in equilibrium price and quantity, use clear examples of each, and provide welldefined reasons for proposal recommendation. P A In order to comprehensively address this question, assume that this scenario will not damage the P` pipe. B Then include the following information: (a) Will Supply or Demand increase or decrease to assist with the natural disaster? (amend this portion of your submission) (b) Will Supply or Demand shift to the left or the right? (amend this portion of your submission) (c) Will the equilibrium price increase or decrease? (amend this portion of your submission) (d) Will the equilibrium quantity increase portion Q or Q`decrease? (amend this Quantity of your submission) Conclusion  Natural disaster near outlet of pipeline will cause reduction in price, demand and supply.  Natural disaster near inlet of pipeline will cause reduction in price, demand and supply.  Recession will reduce price and demand, but supply will remain same.  Availability of alternative energy sources will reduce price and demand, but supply will increase. References  Monadjemi, M. (2017). Oil Price Rise and the Great Recession of 2008. http://economics.expertjournals.com/23597704502/  Nakamura, K. (2011). The Impact of the Earthquake on the Output Gap and Prices. Bank of Japan Review. E-4 A F F C B 0 1 2 3 4 Did not Submit No Pass Competence Proficiency Mastery Introduction and/or conclusion did not summarize the changes in supply and/or demand curves and impact on price and quantity used clear examples of each, and included a well-defined synopsis of the report goals. Explanation of Event 1 summarized the changes in supply and/or demand curves correctly, adequately explained changes in equilibrium price and quantity, used clear examples of each, and well-defined reasons for proposal recommendation. Explanation of Event 2 summarized the changes in supply and/or demand curves correctly, adequately explained changes in equilibrium price and quantity, used clear examples of each, and well-defined reasons for proposal recommendation. Explanation of Event 3 summarized the changes in supply and/or demand curves correctly, adequately explained changes in equilibrium price and quantity, used clear examples of each, and well-defined reasons for proposal recommendation. Explanation of Event 4 summarized the changes in supply and/or demand curves correctly, adequately explained changes in equilibrium price and quantity, used clear examples of each, and well-defined reasons for proposal recommendation. A Introduction and/or conclusion did summarize the changes in supply and/or demand curves and impact on price and quantity. Introduction and/or conclusion did not summarize the changes in supply and/or demand curves and impact on price and quantity, and used clear examples of each. Not Submitted Introduction and/or conclusion did not summarize the changes in supply and/or demand curves and impact on price and quantity. Not Submitted Explanation of Event 1 summarized the Explanation of Event 1 did not summarize changes in supply and/or demand curves the changes in supply and/or demand curves, correctly, but did not adequately explain or curves shifts were incorrect. changes in equilibrium price and quantity. Explanation of Event 1 summarized the changes in supply and/or demand curves correctly, adequately explained changes in equilibrium price and quantity, and used clear examples of each. Not Submitted Explanation of Event 2 summarized the Explanation of Event 2 did not summarize changes in supply and/or demand curves the changes in supply and/or demand curves, correctly, but did not adequately explain or curves shifts were incorrect. changes in equilibrium price and quantity. Explanation of Event 2 summarized the changes in supply and/or demand curves correctly, adequately explained changes in equilibrium price and quantity, and used clear examples of each. Not Submitted Explanation of Event 3 summarized the Explanation of Event 3 did not summarize changes in supply and/or demand curves the changes in supply and/or demand curves, correctly, but did not adequately explain or curves shifts were incorrect. changes in equilibrium price and quantity. Explanation of Event 3 summarized the changes in supply and/or demand curves correctly, adequately explained changes in equilibrium price and quantity, and used clear examples of each. Not Submitted Explanation of Event 4 summarized the Explanation of Event 4 did not summarize changes in supply and/or demand curves the changes in supply and/or demand curves, correctly, but did not adequately explain or curves shifts were incorrect. changes in equilibrium price and quantity. Explanation of Event 4 summarized the changes in supply and/or demand curves correctly, adequately explained changes in equilibrium price and quantity, and used clear examples of each. F F C B
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Introduction
• Gas and oil prices increment when something
meddles with production. The natural
disasters regularly hinder or harm the
production facilities, briefly diminishing or
ending gen...


Anonymous
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