Several Studies Have Shown Promising Links Between Green Tea Consumption

question 33

Multiple Choice

Several studies have shown promising links between green tea consumption and cancer prevention.How does this affect the market for green tea?

• A)The quantity of green tea demanded increases because of a change in tastes in favor of green tea.
• B)The green tea demand curve shifts to the right because of a change in tastes in favor of green tea.
• C)The green tea demand curve shifts to the left because this new information will increase the price of green tea.
• D)The quantity of green tea demanded decreases because this new information will increase the price of green tea.

---

Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to update income and expense accounts and ensure compliance with the accrual method of accounting.

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the temporary accounts for the next accounting period.

Adjusted Trial Balance

A trial balance taken after adjusting entries have been made to ensure total debits equal total credits.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to a permanent owner's equity account, preparing the accounts for the next period.