It Is Certain That the Equilibrium Price Will Rise When

question 93

Multiple Choice

It is certain that the equilibrium price will rise when the supply curve shifts to the _____ and the demand curve shifts to the _____.

• A)right;right
• B)right;left
• C)left;left
• D)left;right

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Definitions:

Sick Pay Policy

A company's formal plan detailing the compensation employees receive when they are unable to work due to illness.

Vacation Pay

This refers to the compensation employees are entitled to receive for days they are on vacation and not working.

Accrual

Accrual accounting records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.

Loss Contingencies

Possible financial losses that companies may face as a result of future events that have uncertain outcomes, necessitating disclosure in financial statements if they are both probable and estimable.