Which of the Following Best Reflects an Increase in Quantity

question 424

Multiple Choice

Which of the following best reflects an increase in quantity demanded and not an increase in demand?

• A) A college expects enrollment to increase, despite no change in the tuition.
• B) Skiing becomes a fashionable winter sports activity.
• C) The price of hair stylings falls.
• D) Consumers expect lower prices next month for computers.

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Definitions:

Equivalent Units

A concept in cost accounting used to convert partially completed goods into an equivalent number of fully completed units for inventory valuation.

Direct Materials

The raw materials used in the manufacturing process that are directly incorporated into the finished product.

Units Started and Completed

The quantity of product units that undergo the entire manufacturing process, from start to finish, within a given period.

Current Month

The current month refers to the ongoing month or the present period under consideration or review.