Refer to the Information Provided in Figure 2

question 197

Multiple Choice

Refer to the information provided in Figure 2.6 below to answer the question(s) that follow. Figure 2.6
-Refer to Figure 2.6. If the economy is at ppf^{1, a change in consumer preferences would be shown by a}

• A) shift from ppf² to ppf¹.
• B) movement along ppf¹.
• C) movement along ppf².
• D) shift from ppf¹ to ppf².

---

Definitions:

Freight Costs

Expenses associated with transporting goods between the vendor and the buyer, which may be borne by either party.

Sales Discount

A reduction from the usual cost of a product or service offered to customers to encourage prompt payment or increase sales.

Customers Pay

refers to the transactions where customers remit payment for goods or services received from a business.

Prepaid Freight

Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.