An Increase in the Number of Firms Wanting to Provide

question 87

Multiple Choice

An increase in the number of firms wanting to provide accounting services will cause a ________ for accounting services.

• A)leftward shift in the supply curve
• B)rightward shift in the demand curve
• C)leftward shift in the demand curve
• D)rightward shift in the supply curve
• E)simultaneous shift of both the demand and supply curves

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Definitions:

Public Law

A branch of law that governs the relationship between individuals, corporations, and the state, including constitutional, administrative, and criminal laws.

Environmental Regulations

Legal standards and policies aimed at protecting the environment from harmful pollutants and practices.

Criminal Law

The body of law that relates to crime. It proscribes conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.

Encouraging Taxation

A concept aimed at promoting efficient and effective tax policies that support economic growth and fair wealth distribution.