Which of the Following Will Cause the Price of Beer

question 55

Multiple Choice

Which of the following will cause the price of beer to rise?

• A) A shift to the right in the demand curve for beer
• B) A shift to the left in the supply curve of beer
• C) both A and B
• D) none of the above

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Definitions:

Sales Forecasts

Projections or predictions of the amount of a product or service a company expects to sell within a particular time frame.

Market Potential

The maximum total sales volume that could be achieved by all competitors in a specified market over a given time period.

National Science Foundation

A United States government agency that supports fundamental research and education in all the non-medical fields of science and engineering.

Noncompetitive Proposal

A proposal with no real competition and hence a high probability of acceptance.