Consider a Negatively Sloped Demand Curve for Natural Gas

question 141

Multiple Choice

Consider a negatively sloped demand curve for natural gas.If the supply of natural gas increases,the new equilibrium will have

• A)a lower price and a greater quantity.
• B)a lower price and a smaller quantity.
• C)a higher price and a smaller quantity.
• D)a higher price and a larger quantity.
• E)the same price and larger quantity.

Understand the role and influence of non-governmental organizations in promoting democracy and human rights.

Evaluate the effects of political risks on businesses and how they navigate these challenges.

Understand various capital investment evaluation methods and their application.

Calculate and interpret the average rate of return for investment projects.

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Definitions:

Sales Expense

Costs directly associated with the selling of goods or services, typically including advertising, sales staff salaries, and commissions.

Net Sales

The amount of revenue a company generates from its operations after deducting returns, allowances for damaged or missing goods, and discounts.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from total revenue, indicating the efficiency of a company in managing its production and labor costs.

Net Sales

The amount of sales revenue remaining after deducting returns, allowances, and discounts from total sales.