Which of the Following Scenarios Best Describes the Change in the Equilibrium

question 100

Multiple Choice

Which of the following scenarios best describes the change in the equilibrium shown in the accompanying graph?

• A)firms entering the market
• B)firms leaving the market
• C)buyers entering the market
• D)buyers leaving the market
• E)an input cost decreasing

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Definitions:

Expected Activities

Forecasted or anticipated actions taken by an individual, group, or organization that aim to achieve certain goals or outcomes.

Financial Statement Effects

The impact of business transactions and events on the financial statements, reflecting changes in financial position.

Budgeted Income Statement

A financial forecast that projects a company's revenue, expenses, and net income for a given period.

Capital Expenditures Budget

The Capital Expenditures Budget is a plan for the funds to be spent on long-term assets that will have a useful life beyond the current fiscal year, such as buildings, equipment, or vehicles.