Which of the Following Would Cause a Decrease in the Price

question 10

Multiple Choice

Which of the following would cause a decrease in the price of a good?

• A)an increasing shift in the supply of a good and no shift in demand
• B)a decreasing shift in the supply of a good and no shift in demand
• C)an increasing shift in the demand for good and no shift in supply
• D)an increasing shift in the demand for good and a decreasing shift in supply

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Definitions:

Unearned Revenue

Money received by a company for products or services that have not yet been delivered or completed, considered a liability until the revenue is earned.

Adjusting Entries

Journal entries made in accounting to update the records for expenses and revenues that have accrued but are not yet recorded.

Adjustment Data

Information used to make corrections or changes to financial records and statements, ensuring accurate reporting.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made for accruals, deferrals, and other adjustments.