First of all, let's clarify what the shift of the demand curve to the left means. The curve shifts that way implies a higher demand for cars in the city. Demand being a function of price will grow as the price goes down. Therefore, an occurrence that could lead to the curve leftward shift is for example a vast promotional campaign on cars, bringing about discounts, therefore cutting prices of such products.
Answer:
D. Medium of exchange
Explanation:
A medium of exchange is any physical object used as a measure of value to facilitate the transfer of goods and services between sellers and buyers. A medium of exchange acts as a go-between in transactions. In modern trade, money is the most widely accepted medium of exchange.
Today, goods and services are given a monetary value. Trade becomes relatively easy as buyers and sellers know how much money is needed to complete a transaction.
Answer:
The correct answer is letter "C": cash sales.
Explanation:
Credit card payments using processing systems such as <em>Visa</em> or <em>MasterCard </em>are considered as<em> cash sales</em> since they allow consumers to purchase goods or services instantly. For accounting purposes, the transaction is recorded as a debit to cash and a credit to sales and the fees associated are registered as expenses.
