The SAS Curve Shifts If There Is a Change in the Price

question 413

True/False

The SAS curve shifts if there is a change in the price level.

---

Definitions:

EPS Information

Earnings Per Share; a financial metric that represents the portion of a company's profit allocated to each outstanding share of common stock.

Operating Activities

The portion of a company's cash flow statement that details the cash generated or used in the company's primary business operations, excluding investing and financing activities.

Depreciation Expense

The allocated amount of an asset's cost expensed over its useful life to account for the decline in its value due to wear and tear.

Loss on Sale

The financial loss incurred when the selling price of an asset is less than its carrying amount at the time of sale.