As the Key Component in Gasoline Production,a Decline in the Price

question 154

Multiple Choice

As the key component in gasoline production,a decline in the price of crude oil would cause

• A)the demand for gasoline will decrease.
• B)the demand for gasoline will increase.
• C)the supply of gasoline will increase,and its price will fall.
• D)the supply of gasoline will decrease,and its price will rise.

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Definitions:

Notes Receivable

Financial assets representing amounts owed to a business by entities or individuals, to be paid within a defined term.

Receivables

Money owed to a company by its customers or other parties, typically from sales of goods or services on credit.

Maturity Value

The amount payable to an investor at the end of a debt instrument's holding period, including principal and interest.

Note Receivable

A written promise to pay a specified amount of money, usually with interest, at a future date; it is recorded as an asset on the balance sheet.