If Hipsters Decide That Pabst Blue Ribbon Has Become Cliché

question 35

Multiple Choice

If hipsters decide that Pabst Blue Ribbon has become cliché and they seek out a more iconic beverage, what will happen in the market for PBR?

• A) Demand will decrease, quantity demanded will decrease, and price will increase.
• B) Supply will decrease, quantity demanded will decrease, and price will decrease.
• C) Demand will decrease, quantity supplied will decrease, and price will decrease.
• D) Demand will decrease, quantity supplied will increase, and price will decrease.

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Definitions:

Cash Overage

A situation where the actual cash on hand exceeds the expected amount, often due to errors in handling or recording.

Shortage

A situation where the demand for a product or resource exceeds the available supply.

Internal Control

Processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Limitations

Constraints or restrictions that affect the scope, effectiveness, or validity of a process, analysis, or system.