If the Number of Suppliers of Good Y Increases, Then

question 153

Multiple Choice

If the number of suppliers of good Y increases, then

• A)a movement down along the supply curve of good Y will occur.
• B)a movement up along the supply curve of good Y will occur.
• C)the supply curve of good Y shifts leftward.
• D)the supply curve of good Y becomes steeper.
• E)the supply curve of good Y shifts rightward.

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Definitions:

DSO

Stands for Days Sales Outstanding, a measure used to calculate the average number of days it takes a company to collect payment after a sale has been made.

Disbursement Float

Disbursement float refers to the time delay between writing a check and the time the funds are actually withdrawn from the payer's account.

Chequing Account

A type of bank account that offers easy access to funds for daily transactions, allowing for deposits, withdrawals, and cheque payments.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.