An Increase in the Number of Pineapple Growers Results in

question 216

Multiple Choice

An increase in the number of pineapple growers results in

• A) an increase in the quantity of pineapples supplied and no shift in the supply curve of pineapples.
• B) an increase in the supply of pineapples and a rightward shift in the supply curve of pineapples.
• C) an increase in the supply of pineapples and a leftward shift in the supply curve of pineapples.
• D) no change in the supply of pineapples and a movement along the supply curve of pineapples.
• E) None of the above answers is correct.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, reflected as a financial charge in the income statement over the period of borrowing.

Interest Revenue

Income earned on investments like savings accounts, certificates of deposit, and bonds, typically presented within non-operating income on the income statement.

Current Ratio

A measure of liquidity calculated by dividing a company's current assets by its current liabilities, indicating how well it can cover its short-term obligations.

Capital Lease

A lease agreement that transfers substantially all the risks and rewards of ownership of the asset to the lessee, and is recorded as an asset and liability on the balance sheet.