CPA REVIEW QUESTIONS
A. An increase in the product price to make up lost revenue.
B. A decrease in the demand for the product.
C. An increase in product supply because of increased availability.
D. That companies in the industry would experience higher economic profits.
Answer:B
CPA REVIEW QUESTIONS
A. An increase in the product price to make up lost revenue. B. A decrease in the demand for the product. C. An increase in product supply because of increased availability. D. That companies in the industry would experience higher economic profits.