If the Price of Petrol Decreases, What Will Be the Impact

question 181

Multiple Choice

If the price of petrol decreases, what will be the impact in the market for public transportation?

• A)The demand curve for public transportation shifts to the right.
• B)The quantity of public transportation demanded increases.
• C)The demand curve for public transportation shifts to the left.
• D)The quantity of public transportation demanded decreases.

---

Definitions:

CEOs And CFOs

Chief Executive Officers and Chief Financial Officers, respectively, senior executives responsible for managing the overall operations and financial actions of a company.

Primary Stakeholder

Individuals or groups most directly affected by a corporation's activities, policies, and practices, often including employees, customers, and investors.

Ethics-Auditing Process

A systematic review of an organization's ethical policies and practices to ensure they are followed and to identify areas for improvement.

Unqualified Opinion

An auditor's statement indicating that financial statements give a true and fair view of a company's financial position and performance without any exceptions.