Which of the Following Will Increase the Supply of Vanilla

question 97

Multiple Choice

Which of the following will increase the supply of vanilla ice cream?

• A)an increase in the price of vanilla beans (an ingredient in ice cream)
• B)a decrease in the sales tax on restaurant bills
• C)an increase in the price of chocolate ice cream
• D)a decrease in the price of milk (an ingredient in ice cream)
• E)an increase in the price of hot fudge

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Definitions:

Cash Account

A ledger account that tracks cash transactions, including receipts and payments, highlighting the available cash balance.

Normal Balances

The side (debit or credit) of an account that is increased, reflecting the conventional balance based on the account's classification within the accounting equation.

Dividends Declared

A statement by a company's board of directors announcing the issuance of dividends to shareholders; it signifies an obligation to make the dividend payments announced.

Liability Account

An accounting record representing an entity's obligations to pay debts or provide services to other entities in the future.