When We Move Up Along a Given Demand Curve,we Know

question 37

Multiple Choice

When we move up along a given demand curve,we know that the

• A) price has fallen because the quantity demanded has increased.
• B) price has increased because the quantity demanded has decreased.
• C) quantity demanded has increased because the price has fallen.
• D) quantity demanded has decreased because the price has increased.
• E) demand has increased because the price has fallen.

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Definitions:

Activity Base

A measure used as a basis for allocating costs in activity-based costing; often related to the volume of activities driving costs.

Costs

Costs represent the monetary value spent on goods, services, and efforts to achieve an objective, such as producing a product or providing a service.

Service Firms

Companies that provide intangible products or services to consumers or other businesses.

Activity Bases

Activity Bases refer to the measures used in activity-based costing for allocating fixed costs to products or services based on the activities that drive these costs.