Which Factor Would Shift the Demand Curve for Gasoline to the Right

question 336

Multiple Choice

Which factor would shift the demand curve for gasoline to the right?

• A) an increase in national income
• B) a decrease in the price of alternative forms of energy
• C) an increase in the price of gasoline
• D) a decrease in the number of consumers

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Definitions:

Manufacturing Overhead

Indirect factory-related costs that are incurred when a product is manufactured, including costs for management, equipment maintenance, and factory utilities.

Direct Labor Cost

This cost includes wages and benefits paid to employees who are directly involved in producing goods or providing services.

Product Costs

Expenses directly associated with the production of goods, including materials, labor, and overhead costs.

Period Costs

Expenses that are not directly tied to production and are expensed on the income statement in the period they are incurred, such as selling and administrative expenses.