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Author Question: The cost of producing cigarettes in the United States has increased and at the same time, more and ... (Read 63 times)

panfilo

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The cost of producing cigarettes in the United States has increased and at the same time, more and more Americans are choosing to not smoke cigarettes. Which of the following best explains the effect of these events in the cigarette market?
 
  A) Both the supply and demand curves have shifted to the left. As a result, there has been a decrease in the equilibrium quantity and an uncertain effect on the equilibrium price.
  B) Both the supply and demand curves have shifted to the right. As a result, there has been an increase in the equilibrium quantity and an uncertain effect on the equilibrium price.
  C) The supply curve has shifted to the right and the demand curve has shifted to the left. As a result there has been an increase in the equilibrium quantity and an uncertain effect on the equilibrium price.
  D) The supply curve has shifted to the right and the demand curve has shifted to the left. As a result, there has been an increase in the equilibrium price and an uncertain effect on the equilibrium quantity.

Question 2

The ________ a corporation keeps to finance future expansion are known as retained earnings.
 
  A) dividends B) stock C) bonds D) profits


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kbennett34

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panfilo

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


LegendaryAnswers

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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