An Increase in the Equilibrium Price of Electricity Can Be

question 6

Multiple Choice

An increase in the equilibrium price of electricity can be caused by

• A)An increase in the supply of electricity.
• B)An increase in the demand for electricity.
• C)A decrease in the demand for electricity.
• D)An increase in the quantity demanded of electricity.

---

Definitions:

Research Costs

Expenses associated with activities undertaken to discover new knowledge, develop new products or processes, without assurance of commercial success.

Expensed

Costs that are charged against income in the period they are incurred, rather than being capitalized and amortized over time.

Finite Life

Finite life refers to the fixed period during which an asset is expected to be useful before it becomes obsolete or its value is fully depreciated.

Intangible Assets

Non-physical assets that have value, such as patents, copyrights, trademarks, and goodwill.