Which of the Following Events Would Cause a Movement Upward

question 217

Multiple Choice

Which of the following events would cause a movement upward and to the left along the demand curve for olives?

• A)The number of people who purchase olives decreases.
• B)Consumer income decreases, and olives are a normal good.
• C)The price of pickles decreases, and pickles are a substitute for olives.
• D)The price of olives rises.

---

Definitions:

Readily Marketable

Items or securities that are readily marketable can be quickly sold in the market without significantly affecting their price.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell products, and receive cash from sales, representing the full cycle of a business's operations.

Short-Term Investments

Investments typically expected to be converted into cash within one year, such as stocks or bonds.

GAAP

GAAP stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards used in the United States for financial reporting.