Which One of the Following Would Cause a Leftward Shift

question 110

Multiple Choice

Which one of the following would cause a leftward shift in the supply curve for car washes?

• A)an increase in the number of cars on the street
• B)an increase in the price of car washing equipment
• C)a decrease in youth unemployment
• D)a decrease in the price of water

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Definitions:

Cost Driver

A factor that causes a change in the cost of an activity or a product, such as production volume or labor hours.

Activity-based Costing

A methodology that assigns production costs to products based on the activities required to produce them, aiming for more accurate cost allocation.

Volume-based

A pricing or costing method that changes based on the amount of goods or services produced or sold.

Non-volume-based

Refers to costing methods that allocate costs based on factors other than the volume of production, such as time or complexity.