The Demand for Oranges Increases While the Supply Decreases

question 219

Multiple Choice

The demand for oranges increases while the supply decreases.The equilibrium price of oranges ________,and the equilibrium quantity ________.

• A) rises; decreases
• B) falls; perhaps changes but we can't say if it increases, decreases, or stays the same
• C) falls; increases
• D) does not change; perhaps changes but we can't say if it increases, decreases, or stays the same
• E) rises; perhaps changes but we can't say if it increases, decreases, or stays the same

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

---

Definitions:

Weighted-Average Method

An inventory costing method that averages the cost of goods available for sale and assigns that average cost to the units sold.

FIFO Method

A method in accounting for managing inventories and financial matters where the first items placed in inventory are the first ones to be used or sold.

Equivalent Units

A concept used in cost accounting to express the amount of work done by an incomplete production process on units of output, converted into an equivalent number of fully completed units.

FIFO Method

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.