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In an Increasing Cost Industry,an Unexpected Decrease in Demand Would

question 1

Multiple Choice

In an increasing cost industry,an unexpected decrease in demand would lead to ____ costs and a ____ price in the long run?

Definitions:

Probable

The likelihood or high chance of something happening or being the case, often used in contexts of forecasting or prediction.

Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term financial health and operational efficiency.

Accrual

The accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash transaction happens.

Short-term Debt

Obligations and borrowings due to be paid within one year, critical for assessing a company's liquidity.