The Price of a Good Will Fall If

question 157

Multiple Choice

The price of a good will fall if

• A)there is a shortage of the good.
• B)demand for the good increases.
• C)there is a surplus of the good.
• D)the supply of the good decreases.
• E)demand for the good does not change.

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Definitions:

Cash

Money in the form of physical currency, such as banknotes and coins, which can be used immediately for transactions.

Post Dated Cheques

Cheques written with a future date, not valid or actionable until that date, often used to ensure future payments.

Money Orders

Money orders are a method of payment that allows individuals to transfer or send pre-specified amounts of money securely, often used as an alternative to checks or cash.

Control Activity

Actions, policies, or procedures that are part of an entity's internal control system designed to ensure operational effectiveness and financial reporting accuracy.