The Supply Curve of a Good Slopes Upward to the Right

question 42

Multiple Choice

The supply curve of a good slopes upward to the right because of

• A)technological improvements over time.
• B)the law of supply.
• C)the law of demand.
• D)the existence of substitutes in production.
• E)the fact that prices tend to rise over time.

---

Definitions:

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment activities, and financing activities.

Investing Activity

Transactions involving the acquisition or disposal of long-term assets and investments not considered cash equivalents, reflected in a company's cash flows.

Loss

A financial situation in which total costs exceed total revenues, leading to a negative net income.

Indirect Method

A cash flow reporting technique that starts with net income and adjusts for cash-based transactions.