Use the Following to Answer Question

question 57

Multiple Choice

Use the following to answer question:
Figure 3.6
-(Figure 3.6) An increase in demand caused consumer surplus to change from _____ to _____.

• A) $16; $36
• B) $8; $12
• C) $8,000; $12,000
• D) $4,000; $9,000

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Definitions:

Percentages

A mathematical means expressed as a fraction of 100 used in financial analysis to compare and quantify differences.

Common-Size Statements

Comparative reports in which each item is expressed as a percentage of a base amount without dollar amounts.

Comparative Reports

Financial reports that show side-by-side comparisons of financial data for different periods, helping to identify trends or changes over time.

Vertical Analysis

A financial analysis method that expresses each item in a financial statement as a percentage of a base amount for comparison purposes.