The ____ the Demand Curve for a Good, the ____

question 266

Multiple Choice

The ____ the demand curve for a good, the ____ the change in equilibrium quantity after a shift of the supply curve.

• A)flatter; greater 
• B)flatter; smaller 
• C)farther from the origin at every output level; greater 
• D)farther from the origin at every output level; smaller

---

Definitions:

Estimated Total

A projected computation or guess of the final amount or value.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in any given jurisdiction.

Completed Contract Method

An accounting technique used to defer all revenue, expense, and profit recognition until a contract is completed.

Accounting

The systematic recording, reporting, and analysis of financial transactions of a business.