If an Increase in the Price of Lemonade Results in People

question 36

Multiple Choice

If an increase in the price of lemonade results in people with lemonade stands having more income, then it can be argued that the price increase

• A)acted as an incentive.
• B)resulted in a redistribution of income.
• C)acted as a transfer price.
• D)reduced competition.
• E)acted a signal.

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Definitions:

Order of Operations

A set of rules used in math to determine the sequence in which operations should be performed.

Circular References

A situation in formulas where a reference is made back to the original cell, potentially causing an error or infinite loop.

Direct Circular References

An error condition in formulas where two or more elements reference each other in a loop, causing a calculation problem.

Indirect Circular References

In spreadsheets, a situation where a formula refers back to its own cell directly or through a chain of references, potentially causing errors.