Which of the Following Will Increase the Supply of Vanilla

question 97

Multiple Choice

Which of the following will increase the supply of vanilla ice cream?

• A)an increase in the price of vanilla beans (an ingredient in ice cream)
• B)a decrease in the sales tax on restaurant bills
• C)an increase in the price of chocolate ice cream
• D)a decrease in the price of milk (an ingredient in ice cream)
• E)an increase in the price of hot fudge

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Definitions:

Income Statements

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net income or loss.

Merchandising Company

A business that purchases goods and sells them at a higher price without changing their form.

Manufacturing Company

A type of business that produces finished goods from raw materials through the use of labor and machinery.

Cost of Goods Sold

Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor used to create the product.