Suppose That in Montreal in December,2015,10 000 Ski Helmets Were

question 63

Multiple Choice

Suppose that in Montreal in December,2015,10 000 ski helmets were sold at a price of $60 each.And in Montreal in December,2016,20 000 ski helmets were sold at a price of $80 each.One possible explanation for the change is that from 2015 to 2016 the ________ curve for ski helmets shifted to the ________.

• A)supply; left
• B)supply; right
• C)demand; left
• D)demand; right
• E)supply or demand; right

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Definitions:

Independent Contractor

An individual in business for themselves, who provides services to others under terms specified in a contract or agreement.

Control Over Work

The authority to direct and manage how a job or task is executed.

IRS Determination

An official decision made by the Internal Revenue Service on a specific tax matter.

Principal-Agent Relationship

A legal relationship where one party (the agent) acts on behalf of another party (the principal) in business transactions.