Figure 4-5 -Refer to Figure 4-5.Which of the Following Would Cause the Would

question 120

Multiple Choice

Figure 4-5
-Refer to Figure 4-5.Which of the following would cause the demand curve to shift from Demand A to Demand B in the market for oranges in the United States?

• A)a freeze in Florida
• B)a technological advance that allows oranges to ripen faster
• C)a decrease in the price of apples
• D)an announcement by the FDA that oranges prevent heart disease

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Definitions:

Taxable Income

The amount of income that is subject to income tax after deductions and exemptions.

Corporate Income Tax Rate

The percentage of corporate profits that are paid to the government as income tax.

Interperiod Tax Allocation

The accounting practice of distributing income taxes equally among the different periods affected by temporary differences.

Warranty Expenses

Costs that a company anticipates or incurs due to the repair or replacement of defective products under warranty.