Which of the Following Will Shift the Supply Curve of Good

question 101

Multiple Choice

Which of the following will shift the supply curve of good X rightward?

• A)a decrease in the wages of workers employed to produce good X
• B)an increase in the cost of capital used to produce good X
• C)an increase in the price of energy
• D)a decrease in the number of suppliers of good X
• E)the price of Y,a substitute in production for good X,rises

Comprehend the principles and applications of zero-based and contingency budgeting.

Identify the strategic importance of planning in corporate acquisitions and expansions.

Recognize the role of expert opinions in forecasting future events.

Understand the significance of setting challenging, measurable, and specific goals for high performance.

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Definitions:

Merchandising Company

A business that purchases finished goods for resale, making a profit on the merchandise sold.

Income Statement

A financial statement showing the revenue, expenses, and profits or losses of a business over a particular period.

Freight-In

Freight-In costs are the shipping charges for receiving goods from suppliers, considered part of the inventory cost and included in the cost of goods sold when the inventory is sold.

Purchases Account

A ledger account used to record the amounts spent on acquiring inventory for resale or raw materials for production, excluding any direct labor or overhead costs.