Which of the Following Will Cause a Movement Upward Along

question 169

Multiple Choice

Which of the following will cause a movement upward along a supply curve?

• A) Increases in raw-material costs.
• B) Increases in labor costs.
• C) Increases in the cost of machinery.
• D) Increases in the market price of a good, other things being equal.

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Definitions:

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies.

Unrealized Gains and Losses

Increases or decreases in the value of investments that have not been sold, thus not yet resulting in actual profit or loss.

IFRS 11

An International Financial Reporting Standard that deals with accounting for interests in joint arrangements, requiring parties to recognize their rights and obligations.

Non-Monetary Assets

Assets that are not in the form of cash or cannot be easily converted to cash, such as property, plant, and equipment.