If in the Market for Peaches the Supply Curve Has

question 177

Multiple Choice

If in the market for peaches the supply curve has shifted to the left

• A)the supply of peaches has increased.
• B)the supply of peaches has decreased.
• C)the quantity of peaches supplied has increased.
• D)the quantity of peaches supplied has decreased.

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Definitions:

Collection Time

The average period it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Money Market Securities

Short-term financial instruments that are typically liquid and considered safe, such as Treasury bills and certificates of deposit.

Average Daily Float

The average amount of un-cleared or in-process checks and electronic payments that are recorded in a company’s accounting system at any given time.

Collection Delay

The time it takes for a business to receive payment after issuing an invoice or credit sale, impacting cash flow.