Which of the Following Would Not Cause the Supply Curve

question 67

Multiple Choice

Which of the following would not cause the supply curve for gasoline to shift?

• A)A change in the wages paid to gas station attendants.
• B)A change in the number of gas stations.
• C)A change in the incomes of drivers.
• D)A change in the cost of refining oil.

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Definitions:

Percentage of Sales Method

A forecasting technique used to predict various financial figures, such as expenses or inventory levels, as a fixed percentage of sales.

Allowance for Doubtful Accounts

A contra asset account representing the amount of accounts receivable a company does not expect to collect.

Equity

Equity represents the value that would be returned to a company’s shareholders if all the assets were liquidated and all the debts repaid.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or a business's operating cycle, whichever is longer.