The Demand for Oranges Increases While the Supply Decreases

question 219

Multiple Choice

The demand for oranges increases while the supply decreases.The equilibrium price of oranges ________,and the equilibrium quantity ________.

• A) rises; decreases
• B) falls; perhaps changes but we can't say if it increases, decreases, or stays the same
• C) falls; increases
• D) does not change; perhaps changes but we can't say if it increases, decreases, or stays the same
• E) rises; perhaps changes but we can't say if it increases, decreases, or stays the same

Distinguish between different processing methods in accounting and their significance.

Identify the importance and process of reporting financial information accurately.

Grasp the fundamental concepts and processes within a computerized accounting system.

Understand the impact of e-commerce on business operations and accounting practices.

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