Answer: C. shift right/ out because tobacco production will become profitable.
Explanation:
Subsidies reduce the cost of using something because the government would sponsor it. The cost of farming tobacco will therefore reduce in this instance. Tobacco companies will therefore incur less cost to acquire tobacco and so will start making more profit.
This will encourage other firms to come into the tobacco market as time goes on. As more firms enter, there will be a larger supply of tobacco. The supply curve will then shift right to depict this.
Answer:
(C) Supplies 7000 Cash 7000
Explanation:
In this transaction, Willey consulting acquired $7,000 worth of supplies, which configures as a credit of $7,000 to the Supplies account. Meanwhile, the company has incurred a cash expense, which should reflect in a $7,000 debit to the Cash account.
Therefore, the answer is (C) Supplies 7000 Cash 7000.
The answer is the fourth sentence, the collection of things a person has done. Hope I could help! :D