Which of the Following Events Will Cause a Leftward Shift

question 110

Multiple Choice

Which of the following events will cause a leftward shift in the supply curve of gasoline?

• A) A decrease in the price of gasoline
• B) An increase in the wage rate of refinery workers
• C) Decrease in the price of crude oil
• D) An improvement in oil refining technology
• E) all of the above

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Definitions:

WACC

Weighted Average Cost of Capital; a method for assessing a firm's capital costs by applying proportional weights to each kind of capital.

Credit Rating

An evaluation of the creditworthiness of an individual or corporation, often expressed as a grade or score, that reflects the likelihood of the entity defaulting on its debts.

Cost of Debt

The effective rate that a company pays on its total debt.

Divisional Cost

The total expenses associated with operating a specific department or segment within a company.