The Demand Curve for On-Demand Videos Has Shifted to the Right.What

question 66

Multiple Choice

The demand curve for on-demand videos has shifted to the right.What could have caused it?

• A) A fall in the price of on-demand videos.
• B) An increase in the price of on-demand videos.
• C) An increase in the supply of on-demand videos.
• D) An increase in the income of buyers.

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Definitions:

High-low Method

A method employed in managerial accounting that estimates variable and fixed costs by analyzing the most and least active periods.

Contribution Margin

The amount by which sales revenue exceeds variable costs, indicating the portion of sales available to cover fixed costs and generate profit.

Units Sold

The total number of units of product that have been sold during a particular period.

High-low Method

A way to estimate the variable and fixed components of costs by analyzing the difference in costs between the highest and lowest activity levels.