A Shift in the Demand Curve Occurs When

question 256

Multiple Choice

A shift in the demand curve occurs when

• A)suppliers place more goods on the market.
• B)the price of a good rises.
• C)consumers want to buy more or less than before at a given price.
• D)the price of the good falls.

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Definitions:

Closing Rate

The exchange rate used to convert foreign currency-denominated financial statements of a subsidiary into the reporting currency of the parent company at the balance sheet date.

Foreign Subsidiary

A company that is completely or partially owned and controlled by another company, but operates in a different country than the parent company.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually reflected in its financial statements.

Assets and Liabilities

The resources owned by a company or individual that have value (assets) and the obligations owed to others (liabilities).