Table 4-6 -Refer to Table 4-6. If These Are the Only Four

question 682

Multiple Choice

Table 4-6
-Refer to Table 4-6. If these are the only four sellers in the market, then when the price increases from $6 to $8, the market quantity supplied

• A)increases by 0.5 units.
• B)increases by 2 units.
• C)decreases by 4 units.
• D)increases by 42 units.

---

Definitions:

Administrative Expense

Costs related to the general operation of a business, such as office supplies, salaries of administrative staff, and utilities, but not linked directly to production or sales.

Budgeted Selling Price

The anticipated amount for which a product or service is expected to sell, as determined during the budgeting process.

Master Budget

A comprehensive financial planning document that consolidates all of a company's budgets, including sales, production, and various operational budgets.

Credit Sales

Transactions in which goods or services are provided to a customer with the agreement that payment will be made at a later date.