0
What happens when there is less supply and more demand for gasoline in a fuel tank?
Wiki User
∙ 14y ago
You run out of gas and get air bubbles in your fuel system, which may be a problem if it doesn't self bleed, although most modern fuel injection systems do
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
If you were a business owner how would you use price elasticity of demand to determine?
"Price Elasticity of Demand" is a measure of how much the demand for a good or service changes when the price changes. For example, most of us drive our cars to work. We drive our cars to work whether the price of gasoline is $1.50 a gallon or $3.95 a gallon. The demand is "INELASTIC" or not changing, no matter what happens to the price. Some people can cut back our leisure driving, or carpool, or take public transit - but others cannot. Truck drivers can't stop when diesel fuel gets too expensive. Movie ticket prices are inelastic; ticket prices have gone from $3 to $5 to $8 to $10 without affecting ticket sales. Airplane tickets, on the other hand, are fairly elastic; when the price goes up, the demand goes down. Once you figure out what the price elasticity is for your product, you can figure out how to maximize your profits by either raising prices if the price is inelastic, or CUTTING prices to increase sales if the price is very elastic.
How is demand elasticity measured?
Whenever the price drops, the quantity being demanded will rise and the quantity supplied will fall. The directions of these changes are all that matter. The price elasticity of demand is often measured as the percentage change in quantity demanded divided by the percentage change in price. On the other hand, the price elasticity of supply is measured as the percentage change in quantity supplied which will be divided by the percentage change in price. Just like the fuel and other prime commodities, we are sensitive whenever there is a change in price. If we are sensitive to prices, even a small amount of change in the prices will cause a large change in our willingness to buy.
How much is a gasoline bill each month?
I spend about 70 $ per month on gas. But I use high grade gas and my car has a V6 3.5 ltr engine. Its fuel economy is 19 mpg city and 26 mpg highway. I drive 152 miles per month. I fill my tank twice a month.
How many gallons of jet fuel in a metric ton?
There are approximately 298 gallons of jet fuel per metric ton. Jet fuel weighs about 6.7 pounds per gallon. The mass of fuel varies depending on the pressure and temperature.
How many barrels of jet fuel in a ton?
7.6 barrels of jet fuel is in one ton
Why is demand for home heating fuel inelastic in cold?
Demand outstrips supply.
Why is demand for home heating fuel in cold weather?
Demand outstrips supply.
Why is demand for a home heating fuel inelastic in cold weather?
Demand outstrips supply.
Why is demand for home heating fuel inelastic in very cold weather?
Demand outstrips supply
Why petrol cost more than fuel oil?
Petroleum is the same exact thing as Fuel. A Barrel of oil is about 50 Gallons of fuel ( Approx.) 23 Gallons out of the Barrel is going towards your car. Demand is what is keeping the price very high. Actually here in the U.S. Fuel oil is more expensive than gasoline(petrol). And it is seasonal depending on supply and demand.
Why does petrol cost more than fuel oil?
Petroleum is the same exact thing as Fuel. A Barrel of oil is about 50 Gallons of fuel ( Approx.) 23 Gallons out of the Barrel is going towards your car. Demand is what is keeping the price very high. Actually here in the U.S. Fuel oil is more expensive than gasoline(petrol). And it is seasonal depending on supply and demand.
Think of a product or service you use where PRICES have recently changed Try to explain price changes we observe using demandsupply mechanism?
Supply and demand. Diesel fuel is a good example. Once apon a time diesel fuel was cheaper than gasoline. Then people decided to drive cars and pickup trucks that were powered by this less expensive fuel. The demand went up and the price went up with it. When demand is high, prices will also go high. When demand is low, prices will drop.
How will the production of cars that only work on electricity affect the production of gas cars in the future?
Gas cars will be with us for a long time. As fuel prices continue to rise,(and they will) electric, bio diesel, hybrids, E85 vehicles,and propane, will be improved and refined to the point of offering a viable alternative to gasoline. When this happens ,we will see some stabilizing of fuel prices due to supply and demand,but however, gasoline vehicles, because of their range, convieneance, power, and developed infrastructure will be with us for some time to come.
What happens if you put gasoline in a diesel?
well what happens is the engine doesn't work no more. Also you will have to replace the fuel pump.
What happens if you do not change a bad fuel pump?
Your engine will not start or will stall from lack of a fuel supply from the fuel pump.
What are the best way to guard against vapor lock and overheating?
Supply of fuel (Gasoline or CNG) should be stopped. Try to start the vehical with no fuel supply. It will comsumed the pressure build up due to Vapor Lock & engine will start. Then after engine star , you can open the fuel supply.
What happens when fuel such as coal or gasoline burns?
we release the potential energy to heat energy to do work
