Recall the Application About the Harmattan and How It Affects

question 153

Multiple Choice

Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s) .
-Recall the Application.Using supply and demand analysis,the increase in the price of cocoa can be illustrated as

• A) a leftward shift in the supply curve for cocoa caused by the harmattan.
• B) a rightward shift in the supply curve for cocoa caused by the harmattan.
• C) a leftward shift in the demand curve for cocoa caused by the harmattan.
• D) a rightward shift in the demand curve for cocoa caused by the harmattan.

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Definitions:

Alternative Accounting Policies

Different methods that an organization can use for reporting similar transactions or economic events in financial statements, based on accepted accounting principles.

Discontinued Operations

Components of a business that have been sold or otherwise disposed of, or will be disposing of, which are reported separately in financial statements.

Major Geographical Area

A significant region or territory within which a company operates and reports financial performance.

Disposal

The process of getting rid of an asset or substance.