Because of the High Cost of Fuel,railroads Such as Union

question 102

Multiple Choice

Because of the high cost of fuel,railroads such as Union Pacific Corp and CSX Corp have increased the price they charge to haul freight.This change means that

• A) the demand curve for hauling freight has shifted leftward.
• B) the supply curve for hauling freight has shifted leftward.
• C) the demand curve for hauling freight has shifted rightward.
• D) the supply curve for hauling freight has shifted rightward.
• E) neither the supply curve nor the demand curve for hauling freight has shifted; the only change is that the price is higher.

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Definitions:

Quantity Increments

Specific increases or steps in quantity, often used in the context of measurement, sales, or stock levels.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportion.

Total Sales

The sum of all sales revenue over a given period of time, reflecting the overall income generated from goods or services sold.

Salesperson

An individual who sells goods or services to customers, often working on commissions and responsible for negotiating sales and maintaining client relationships.