Which of the Following Events Could Shift Both the Demand

question 195

Multiple Choice

Which of the following events could shift both the demand curve and the supply curve for a good?

• A)A technological advance pertaining to the production of the good is observed.
• B)Incomes of all buyers of the good increase.
• C)The number of sellers of the good increases.
• D)Everyone revises upward their expectation of next month's price of the good.

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Definitions:

Operating Activities

Financial transactions and events related to the core business operations of a company.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.

Statement of Cash Flows

A financial document that provides detailed information about the cash inflows and outflows for a business over a specific period of time.

Operating

Pertaining to the core activities necessary for a business to function, including production, sales, and distribution.