Which of the Following Would Cause a Shift to the Right

question 85

Multiple Choice

Which of the following would cause a shift to the right of the supply curve for gasoline? I. A large increase in the price of public transportation.
II) A large decrease in the price of automobiles.
III) A large reduction in the costs of producing gasoline.

• A) I only
• B) II only
• C) III only
• D) II and III only

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Definitions:

Outstanding Debt

The total amount of borrowed money a company or individual has yet to repay to creditors.

Continuing Operations

Parts of a business expected to continue operating and contributing to revenue over the long term, as opposed to discontinued operations.

Carrying Amount

The net value of an asset or liability on a company's balance sheet, determined by subtracting its accumulated depreciation or amortization from its original cost.

Convertible

A security, often bonds or preferred shares, that can be converted into a specified number of another form, commonly shares of the issuing company's common stock.