On a Test, 74% of the Questions Are Answered Correctly

question 91

Multiple Choice

On a test, 74% of the questions are answered correctly. If 111 questions are correct, how many questions are on the test?

• A) 150
• B) 67
• C) 74
• D) 37

---

Definitions:

Warehouse Space

A designated area used for storing goods in order to ensure their preservation, organization, or security before distribution.

Perfectly Competitive Industry

An industry structure where many firms produce identical products, entry and exit are easy, and no single firm can influence the market price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, with a typical downward slope indicating that demand increases as price decreases.

Producer's Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive.