Supply and Demand

Practice Questions

CPA Business Environment and Concepts (BEC) › Supply and Demand

Questions
6
1

If the US dollar increases in value relative to other major currencies, aggregate demand should:

2

An increase (right shift) in aggregate demand causes:

3

Which of the following is most likely to accompany a reduction in aggregate demand?

4

Which of the following situations best illustrates a potential horizontal merger between Companies A and B?

5

Pet Inc. is looking to expand its cat and dog food business in the upcoming year. After due diligence is performed, Pet Inc. identifies another company that would fulfill its strategic objective but is much larger and has various other lines of business. Which strategy should Felix management pursue given the above?

6

When mapping out supply and demand curves, _____ could belong as the Y-axis and _____ could belong as the X-axis.

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