Use the Following Figure to Answer the Question

question 77

Multiple Choice

Use the following figure to answer the question :
-A move from H to I represents

• A)an increase in quantity demanded.
• B)a decrease in quantity demanded.
• C)an increase in demand.
• D)a decrease in demand.

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Definitions:

Direct Labour

The wages or salaries paid to employees directly involved in producing goods or providing services.

Variable Manufacturing Overhead

Costs that fluctuate with the level of production output, such as utilities and supplies used in the manufacture of a product.

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent or salaries.