The Demand Curve for a Good Will Shift to the Right

question 107

Multiple Choice

The demand curve for a good will shift to the right if,holding all else constant,

• A) consumers expect future prices to decrease.
• B) an input cost of the item goes up.
• C) consumers expect future prices to increase.
• D) the price of the good goes down.
• E) the price of a substitute good goes down.

Identify the role of international organizations and their impact on global recovery efforts.

Understand definitions and examples of poverty in a global context.

Examine the theories explaining global inequality.

Understand the impact of globalization on worldwide interconnectivity.

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Definitions:

Inventory

Goods or materials that a business holds for the purpose of resale or production.

Prepaid Insurance

An asset account that represents insurance paid in advance, which is expensed as it is used or over time.

Accounts Payable

A liability account on a company's balance sheet representing money owed to creditors for goods and services purchased on credit.

Inventory

Items held for sale in the ordinary course of business, as well as materials and components that will be used in the production of goods to be sold.