If the Supply Curve Shifts Left but the Demand for a Good

question 201

Multiple Choice

If the supply curve shifts left but the demand for a good stays the same, it is called:

• A)the equilibrium
• B)a shortage
• C)a surplus
• D)excess supply

Distinguish different biomes, such as tundra, boreal forest, and temperate zones, based on their physical and biological characteristics.

Understand the short-term and long-term environmental changes and their influence on ecosystems and biomes.

Differentiate between key ecological concepts and environmentalism.

Understand the role of abiotic factors in ecosystems.

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Definitions:

Land Improvements

Enhancements made to land to increase its value or utility, such as landscaping, paving, and installation of utilities, which are typically depreciable over their estimated useful life.

Buildings

Physical structures owned by a company and used for its operations, representing a long-term asset on the balance sheet.

Land

A natural resource representing the earth's surface, not manufactured or created by humans, and used for various purposes including agriculture, building, and development.

Machinery and Equipment

Long-term assets used in the operations of a business, not intended for sale.