If the Wages of the Workers That Harvest Corn Each

question 63

Multiple Choice

If the wages of the workers that harvest corn each fall decreases, then the

• A) Supply curve for corn will shift right.
• B) Supply curve for corn will shift left.
• C)
• Demand curve for corn will shift right.
• D) None of the choices are correct.

---

Definitions:

Product Warranty Expense

The estimated cost of repairing or replacing products under warranty, recognized as an expense by a company.

Sales

This refers to the total revenue a company generates from selling goods or services to customers within a specific period.

Medicare Tax

A payroll tax that funds the Medicare program, which provides health insurance for eligible elderly and disabled individuals.

Employer's Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, such as social security and Medicare taxes.