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Three students chose to work on a directed study project for Planned Parenthood Association. The project included the creation of an app for inventory control. The students went to the library to get a book on the topic. The book was in the reserve section, so the students made three copies of the four relevant pages so that they could study them. They used the ideas from the book and created an original app and a manual. Later, when the students were preparing a report for their presentation, they decided that the pages in the book exactly expressed the theoretical background they needed for the introduction. They copied those four pages and used them as their own for the beginning of their twenty page report. At the presentation, seven copies of the report were made (with the code and manual as appendices) . On these facts, which of the following is true?
Changes in Income
Variations in the amount of earnings received over a period of time, which can affect consumption, savings, and investment behaviors in an economy.
Tastes and Preferences
Factors that influence consumer decision-making, determining the goods or services consumers demand.
Prices of Related Goods
Refers to how the cost of one good or service can affect the demand for another, reflecting the substitution or complementary relationship between them.
Changes in Supply
These refer to shifts in the quantity of a good or service that producers are willing and able to sell at various prices, caused by factors other than the price of the good or service.
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