Use the Following to Answer Questions

question 24

Multiple Choice

Use the following to answer questions:
Figure: Demand and Supply of Gasoline
-(Figure: Demand and Supply of Gasoline) Use Figure: Demand and Supply of Gasoline.A factor that may have changed supply from S₁ to S₂ is:

• A) better technology in the production of gasoline.
• B) increased demand.
• C) lower labour productivity in gasoline production.
• D) increased prices of substitutes in production for gasoline.

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Definitions:

Operating Expenses

Expenses incurred during regular business operations, such as rent, utilities, and salaries, but excluding cost of goods sold.

Cash Payments

Outflow of cash as a result of transactions, such as paying expenses, purchasing assets, or repaying debt.

Free Cash Flow

The amount of cash generated by a company’s operations after accounting for capital expenditures, available for dividends, debt repayment, or reinvestment.

Property, Plant, Equipment

Long-term tangible assets owned by a business, used in its operations and not intended for resale, such as buildings, machinery, and vehicles.