Which of the Following Statements Is False

question 63

Multiple Choice

Which of the following statements is false?

• A) The shift factors for the supply curve are: income,preferences,prices of related goods,the number of buyers,and expectations of future price.
• B) A change in (own)price changes the quantity supplied of a good.
• C) A change in demand is graphically represented by a shift in the demand curve.
• D) A change in quantity demanded is represented by a movement along a given demand curve.

---

Definitions:

Accounts Receivable

Money owed to a company by its debtors for goods sold or services rendered on credit.

AASB 121

Specifies the requirements for accounting for foreign exchange rates and their effects on foreign currency transactions, including translation of foreign currency financial statements into the entity's presentation currency.

Presentation Currency

The currency in which the financial statements of an entity are presented.