Figure 4-3 -Refer to Figure 4-3.The Shift from D to D' Is

question 103

Multiple Choice

Figure 4-3
-Refer to Figure 4-3.The shift from D to D' is called

• A) an increase in demand.
• B) a decrease in demand.
• C) a decrease in quantity demanded.
• D) an increase in quantity demanded.

---

Definitions:

Incremental Costs

The additional costs incurred when a business increases its level of activity or output, also known as marginal cost.

Additional Revenues

Income received that is over and above the main or expected sources of revenue for a business or an organization.

Direct Material

Raw materials that are directly attributable to the production of goods, essential in determining the cost of goods sold.

Direct Labor

Direct Labor refers to the work of employees that is directly associated with the production of goods or the provision of services, distinguishable as wages for hands-on work.