An Increase in Quantity Demanded

question 39

Multiple Choice

An increase in quantity demanded

• A)results in a movement downward and to the right along a demand curve.
• B)results in a movement upward and to the left along a demand curve.
• C)shifts the demand curve to the left.
• D)shifts the demand curve to the right.

---

Definitions:

Periodic System

An inventory valuation method where inventory counting and valuation are performed at specific intervals.

Ending Inventory

The total cost of all the inventory a business has in stock at the end of an accounting period.

Inventory Costing Methods

These are accounting approaches to determine the value of inventory on hand and the cost of goods sold, including methods like FIFO (First-In, First-Out) and LIFO (Last-In, First-Out).

Weighted-average

A calculation that takes into account both the quantity and the significance of the items being averaged.