When Quantity Demanded Has Increased at Every Price,it Might Be

question 10

Multiple Choice

When quantity demanded has increased at every price,it might be because

• A)the number of buyers in the market has decreased.
• B)income has increased,and the good is an inferior good.
• C)the costs incurred by sellers producing the good have decreased.
• D)the price of a complementary good has decreased.

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Definitions:

Fair Value Adjustment-Trading

The process of adjusting the valuation of trading securities to reflect their current market value.

Adjusting Journal Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the correct period.

Stock Investments

Stock investments refer to the purchasing of shares in companies as a means of owning a portion of the company and potentially earning dividends or capital gains.

Journal Entries

The recordings of financial transactions in an accounting system which form the basis of building financial statements.