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Use the Data Given Below to Answer the Following Questions)

question 44

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Use the data given below to answer the following questions)
Below is the spreadsheet for demand prediction of a company that sells chocolates.  A  B C1 Demand Predictim  Models 23 Linear Model 4 A 10,0005B1067 Price  Demand 8$509,5009$559,45010$459,55011\begin{array} { | l | l | l | l | } \hline & \text { A } & \text { B } & C \\\hline 1 & \text { Demand Predictim } & & \\& \text { Models } & & \\\hline 2 & & & \\\hline 3 & \text { Linear Model } & & \\\hline 4 & \text { A } & 10,000 & \\\hline 5 & B & 10 & \\\hline 6 & & & \\\hline 7 & \text { Price } & \text { Demand } & \\\hline 8 & \$ 50 & 9,500 & \\\hline 9 & \$ 55 & 9,450 & \\\hline 10 & \$ 45 & 9,550 & \\\hline 11 & & & \\\hline\end{array}
-If a dollar sign is used before the column label B4 $B4) , how will the formula at B10 be represented in C11 using absolute addressing?

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Definitions:

Law of Supply

The principle that, other things equal, an increase in the price of a good leads to an increase in the quantity supplied, and vice versa.

Price

The amount of money required to purchase a good or service, representing the value that consumers or buyers are willing to pay.

Good

An item or service that satisfies human wants and provides utility, which can be transferred from one person to another.

Demand Curve

An illustrative chart that demonstrates the link between a product's price and the amount of it consumers want to buy.

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