Samantha, an accountant in a footwear-manufacturing business, is busy preparing the business’s income statement for the latest quarter. While checking the business’s transactions over the past three months, she has learned that the business had purchased raw materials worth $40,000 a month back. Under which category of expenses should Samantha place this amount?

As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant? a. there was no shift, nor any increase or decrease in quantity demanded. b. there was no shift, but there was a decrease in quantity demanded. c. the demand curve shifted to the left. d. the demand curve shifted to the right. e. there was no shift, but there was an increase in quantity demanded.