El Niño Wind Patterns Affected the Weather Across the United

question 29

Multiple Choice

El Niño wind patterns affected the weather across the United States during the winter of 1997-1998.Suppose the demand for home heating oil in Connecticut is given by Q = 20 - 2P_hho + 0.5P_ng - TEMP,where Q is the quantity of home heating oil demanded,P_hho is the price of home heating oil per unit,P_ng is the price of natural gas per unit,and TEMP is the absolute difference between the average winter temperature over the past 10 years and the current average winter temperature.If the current price of home heating oil is $1.20,the current price of natural gas is $2.00,and the average winter temperature this year is 40 degrees compared to 28 degrees over the past 10 years,if the sellers of home heating oil are profit maximizers,they should:

• A) lower prices.
• B) raise prices.
• C) advertise more.
• D) advertise less.
• E) none of the above

---

Definitions:

Sociability

Refers to the ability to interact positively and get along well with others.

Communication Style

The manner or approach used to convey messages to others, including verbal and non-verbal methods.

Sociability

The quality of being inclined to seek out social interactions and enjoy the company of others.

Dominance

The power and influence one individual or group has over another, often used in the context of social hierarchies.