Assume That the Sales of a Certain Appliance Dealer Can

question 23

Multiple Choice

Assume that the sales of a certain appliance dealer can be approximated by a straight line. Suppose that sales were $13,500 in 1982 and $65,000 in 1987. Let x = 0 represent 1982. Find the equation
Giving yearly sales S.

• A)S = 51,500x + 65,000
• B)S = 51,500x + 13,500
• C)S = 10,300x + 65,000
• D)S = 10,300x + 13,500

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Definitions:

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Productive Resource

An asset or input used in the production of goods and services, such as labor, land, and capital.

Trade Surplus

A Trade Surplus occurs when the value of a country's exports exceeds the value of its imports within a certain period.

Trade Deficit

A situation where a country's imports exceed its exports.