If the Price of Inputs Increases, the

question 101

Multiple Choice

If the price of inputs increases, the

• A)demand curve will shift to the right.
• B)supply curve will shift to the right
• C)demand curve will shift to the left.
• D)supply curve will shift to the left.

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Definitions:

Long-term Investments

Assets that a company intends to hold for more than one fiscal year, including stocks, bonds, real estate, and other financial instruments.

Intangible Assets

Non-physical assets that have value, such as intellectual property, brand recognition, and patents.

Prepaid Expenses

Payments for goods or services that will be received in the future, which are recorded as assets until they are actually used or consumed.

Adjusting Entry

A journal entry made at the end of an accounting period to align the books with the accrual basis of accounting.