Unit Sales of Product X Are Currently 10,000, While Unit

question 79

Multiple Choice

Unit sales of Product X are currently 10,000, while unit sales of Product Y are double those of Product X. The company's sales forecast will be , assuming sales of Product X increase by 10% and those of Product Y go up by 4,000 units.

• A) 11,000 and 24,000 units, respectively
• B) 10,000 and 20,000 units, respectively
• C) 11,000 and 22,000 units, respectively
• D) None of these answers is correct.

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Definitions:

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any notice to the institution, such as checking accounts.

Fed

Refers to the Federal Reserve System, which is the central banking system of the United States, responsible for monetary policy.

Checkable Deposits

Deposits in a bank or other financial institution against which checks can be written or ATM or debit card transactions can be made.

Medium of Exchange

An instrument or system used to facilitate the sale, purchase, or trade of goods between parties, typically money in modern economies.