When There Is a Change in the Quantity Demanded It

question 71

Multiple Choice

When there is a change in the quantity demanded it means that the:

• A) quantity a consumer is willing to buy changes when the price changes.
• B) hours the customer can buy products each day have increased.
• C) number of products in inventory have increased.
• D) selling price of the products has not changed.

---

Definitions:

Capital Account Balance

The net result of public and private international investments flowing in and out of a country, representing changes in national ownership of assets.

Partnership Capital

Represents the total equity or interest that partners have in a partnership, which can be changed through additional contributions or withdrawals.

Admit May

A term that appears to refer to the acceptance or permission granted in the month of May, but without a specific context, its exact meaning may vary.

Goodwill Method

An accounting technique used to record the excess of purchase price over the book value of acquired assets during a business acquisition.