Which of the Following Is Most Likely to Occur Because

question 120

Multiple Choice

Which of the following is most likely to occur because of an increase in the price of electricity in California?

• A)An increase in electricity imported into California.
• B)A decrease in electricity imported into California.
• C)An increase in the consumption of electricity in California.
• D)A decrease in the supply of electricity in California.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity or volume of business, such as materials and labor costs.

Fixed Costs

Rephrased: Expenses that remain constant regardless of the company's level of production or business activity.

Trucking Department

A specialized division within a company responsible for the management and operation of trucking logistics, including transportation and delivery services.

Peak-Period Requirements

The increased demand or resources needed during the busiest or most active times for a business or service.