A) To guarantee the accuracy of both annual and quarterly financial statements. B) To verify the accounting accuracy of every transaction entered into. C) To report on the fairness of financial statement presentation. D) The auditors are responsible for the content of the financial statements.
Coffee and tea are substitutes in consumption.If there is an increase in the price of coffee,assuming a positively sloped supply curve and a negatively sloped demand curve,total surplus in the tea market:
A) will increase. B) will decrease. C) will not change. D) may change,but we cannot determine the change without more information.