A Shift in the Demand Curve to the Right Represents

question 29

Multiple Choice

A shift in the demand curve to the right represents

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

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Definitions:

Standard Price

A pre-determined cost assigned to a product or service, often used in budgeting and performance evaluations.

Direct Materials

Raw materials that are directly traceable to the production of specific goods or services.

Yards

A measurement unit equal to three feet or 0.9144 meters, often used in expressing lengths or distances.

Factory Overhead Cost Budget

A budget that estimates the cost for each item of factory overhead needed to support budgeted production.