Which of the Following Events Would Cause an Upward Movement

question 63

Multiple Choice

Which of the following events would cause an upward movement along the demand curve for olives?

• A)​The number of people who purchase olives decreases.
• B)​Consumer income decreases, and olives are a normal good.
• C)​The price of pickles decreases, and pickles are a substitute for olives.
• D)​The price of olives rises.

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Definitions:

Internal Audits

Evaluations conducted internally to assess the effectiveness of a company's operations, controls, and compliance with regulations and policies.

Collusion

An illegal agreement between parties to deceive or defraud others, often involving price-fixing or the manipulation of markets.

Segregation of Duties

A key internal control that aims to reduce the risk of fraud and error by dividing responsibilities among different people or departments.

Employee

An individual who works part-time or full-time for another person or company in exchange for salary or wages.