An Increase in the Number of Producers of Bird Seed

question 73

Multiple Choice

An increase in the number of producers of bird seed ________ the supply of bird seed and shifts the supply curve of bird seed ________.

• A) decreases; rightward
• B) decreases; leftward
• C) increases; rightward
• D) does not change; rightward
• E) increases; leftward

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Definitions:

Gross Assets

The total value of all assets owned by an entity before deducting any liabilities or depreciation.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting.

Earnings Benchmarks

Standards or metrics against which a company's profitability can be measured.

Discretionary Spending

Expenditures made at the discretion of a business or individual, which are non-essential and can be adjusted or eliminated.