Figure 5-11 -In Figure 5-11, a Consumer Is Initially at Point A.There

question 181

Multiple Choice

Figure 5-11
-In Figure 5-11, a consumer is initially at point A.There is a price change and she moves to B.It follows that

• A)the demand for beer follows the law of demand.
• B)the demand for beer does not follow the law of demand.
• C)wine is an inferior good.
• D)the consumer is confused.

---

Definitions:

Custodial Services

Services related to the cleaning and maintenance of buildings and facilities.

Square Feet

A unit of area measurement equivalent to a square that measures one foot on each side.

Direct Method

A way of preparing a cash flow statement where actual cash flow information from the company’s operations is used, directly showing cash receipts and cash disbursements.

Machine Hours

A measure of production output based on the amount of time machinery is operated.