Which of the Following Is Likely to Explain Why the Demand

question 5

Multiple Choice

Which of the following is likely to explain why the demand curve for baked beans, an inferior good, would shift to the right?

• A) An increase in the price of white bread which is consumed with baked beans.
• B) A fall in the average income level of consumers in the economy.
• C) A restriction on imports of baked beans that increases the price.
• D) An increase in the exports of baked beans to other countries.

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Definitions:

Physical Controls

Security measures that prevent unauthorized access to assets, including locks, security cameras, and secure areas.

Blank Checks

Blank checks are checks that are not filled out, having no specified amount of money written on them, but signed and ready to be used for any amount.

Safeguarded

In the context of finance and accounting, safeguarded refers to measures or controls implemented to protect assets from loss, theft, or unauthorized use.

Cash Disbursements

The funds that are paid out by a business, typically documented in a cash disbursements journal.