An Increase in the Number of Firms Wanting to Provide

question 45

Multiple Choice

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

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

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Definitions:

Revoke Acceptance

In legal terms, it's the act of formally withdrawing acceptance of an offer or agreement, often due to discovering defects or misinformation.

Reasonable Assumption

A premise made on the basis of apparent facts or evidence, considered to be logical or sensible under given conditions.

Hose Couplings

Devices used to connect the ends of hoses together or to a tap or a hose appliance, such as a sprinkler or nozzle.

Place of Delivery

The specified location where goods are to be delivered as per the terms of a contract.