A Decrease in the Price of Factors of Production That

question 95

Multiple Choice

A decrease in the price of factors of production that are substitutes for labour shifts the labour

• A)demand curve leftward.
• B)demand curve rightward.
• C)supply curve leftward.
• D)supply curve rightward.
• E)B and D.

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Definitions:

Affiliated Organizations

Entities that are directly or indirectly controlled by, or under common control with, another entity.

Fundraising Purposes

The aim of gathering financial support, typically for non-profit organizations, through various methods like donations, grants, or special events.

Profit-Seeking Enterprise

A business or organization that operates with the intention of making a profit, as opposed to a non-profit organization.

Deferral Method

An accounting method where revenue or expenses are recognized after cash is exchanged, delaying the recognition of income or expenses until a future accounting period.