-If the Price of a Product Increases

question 327

Multiple Choice

-If the price of a product increases

• A) there is an increase in quantity supplied and a decrease in demand.
• B) there is an increase in supply and a decrease in quantity demanded.
• C) there is an increase in supply and a decrease in demand.
• D) there is an increase in quantity supplied and a decrease in quantity demanded.

---

Definitions:

Net Adjustment

Net adjustment in finance refers to the total change or modification made to a figure or record to correct it or bring it to its current value, often seen in contexts like accounting and investments.

Operating Activities

Transactions and other events related to the core business operations, including revenue and expense activities that affect the net income.

Inventory Increases

A rise in the amount of goods and materials on hand, often indicative of increased production or decreased sales.

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold by a company, including material, labor, and overhead costs.