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The Result of the Formula =B3>=C3 Where Cell B3 Contains

question 40

Multiple Choice

The result of the formula =B3>=C3 where cell B3 contains the date 1/1/2010 and cell C3 contains the date 12/31/2009 is ____.


Definitions:

Demand

The desire of purchasers, consumers, or clients for a particular good or service, coupled with the ability and willingness to pay for it.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.

Elastic

Describes a situation in which the supply or demand for a good or service significantly changes in response to price changes.

Elasticity of Demand

An indicator of the variation in the amount of a good or service desired with respect to its price fluctuation.

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