Use the Following to Answer Question(s): Demand Shifters and Supply

question 84

Multiple Choice

Use the following to answer question(s) : Demand Shifters and Supply Shifters

-(Exhibit: Demand Shifters and Supply Shifters) The exhibit shows how supply and demand might shift in response to specific events.Suppose the technology for producing automotive gasoline improves.Which panel best describes how this will affect the market for automotive gasoline?

• A) Panel (a)
• B) Panel (b)
• C) Panel (c)
• D) Panel (d)

---

Definitions:

Income Ratio

A financial metric that compares different aspects of an entity's income, showing the relationship between two or more income-related figures.

Capital Balance

The amount of money that a company has in its accounts, representing the capital owned by the investors or owners.

Capital Balances

The amounts of money that the partners or owners of a business have contributed to the business or have accumulated over time.

Income Ratio

The Income Ratio is a financial metric used to assess a company's profitability by comparing its income to a particular base, such as revenue or assets.