All of the Following Factors Will Affect the Supply of Shoes

question 199

Multiple Choice

All of the following factors will affect the supply of shoes except one. Which will not affect the supply of shoes?

• A)​higher wages for shoe factory workers
• B)​higher prices for leather
• C)​a technological improvement that reduces waste of leather and other raw materials in shoe production
• D)​an increase in consumer income

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Definitions:

Common Shares

A type of security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Consolidated Statement

Financial statements that aggregate the assets, liabilities, and operations of a parent company and its subsidiaries.

Equity Earnings

The portion of an investee's profits or losses that is attributed to the investor based on their ownership percentage.

Goodwill Impairment

A write-down of the goodwill account on a company's balance sheet if the fair value of a business unit falls below its carrying value.