Which of the Following Events Would Cause a Movement Downward

question 3

Multiple Choice

Which of the following events would cause a movement downward and to the left along the supply curve for mangos?

• A)The number of sellers of mangos decreases.
• B)There is an advance in technology that reduces the cost of producing mangos.
• C)The price of mangos falls.
• D)The price of fertilizer increases,and fertilizer is an input in the production of mangos.

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Definitions:

ABC

An acronym for Activity-Based Costing, a method of accounting that identifies and assigns costs to activities and then to products or services based on their use of those activities.

Product Costing System

A framework used to determine the expense associated with producing a product, taking into account all direct and indirect costs.

Indications

Suggestions or signals that point towards a specific condition, trend, or action.

Behavioral Implications

The impact that business strategies and practices have on the behavior and motivation of individuals within an organization.