-In the Above Figure,the Shift in the Demand Curve from D

question 307

Multiple Choice

-In the above figure,the shift in the demand curve from D to D? can be the result of

• A) an increase in income if pizza is a normal good.
• B) an increase in the price of a sub sandwich, a substitute for pizza.
• C) an increase in the price of soda, a complement to pizza.
• D) a change in quantity demanded.
• E) a decrease in the supply of pizza that raises the price of pizza.

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Definitions:

General Ledger Account

A comprehensive set of accounts that provides a complete record of all financial transactions of a company.

Allowance Method

An accounting technique used to estimate and account for potential uncollectable debts or credit sales.

Uncollectible Receivables

Debts owed to a company that are considered unlikely to be paid by the debtor, often written off as bad debts.

Bad Debts Expense

Bad debts expense is the cost to a business of accounts receivable that are not collected because customers are unable to pay.