-What Is the Slope of the Demand Curve

question 112

Multiple Choice

-What is the slope of the demand curve?

• A)It is downward-sloping because when the price of a product falls,consumers are willing and able to buy more.
• B)It is upward-sloping because when the price of a product falls,consumers are willing and able to buy more.
• C)It is upward-sloping because when the price of a product increases,consumers are willing and able to buy more.
• D)It is downward-sloping because higher prices are associated with larger quantities.

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Definitions:

Job Order Costing

A costing method that tracks costs individually for each job.

Raw Materials

The basic materials from which products are made, typically not yet processed or manufactured.

Factory Payroll

The total compensation paid to all employees working within a manufacturing plant or factory.

Overhead Applicable

The portion of overhead costs that are assigned to a specific product, service, or job based on a predetermined rate or method.