Kinvolved, the Company Profiled in the Opening Feature of Chapter

question 23

Multiple Choice

Kinvolved, the company profiled in the opening feature of Chapter 10, is an EdTech startup that involves an app to track student absences. The company was co-founded by Miriam Altman and Alexandra Meis. Which of the following is true about Kinvolved's founding story?

• A) Both Altman and Meis were college professors before starting the venture.
• B) The co-founders raised money via an Indiegogo crowdfunding campaign.
• C) Altman and Meis went public via an IPO soon after launch.
• D) Both Altman and Meis attended Stanford University.
• E) Altman and Meis met while they were teaching at Harvard University.

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Definitions:

Quantity Supplied

The total amount of a product that producers are willing and able to sell at a given price in a certain time period.

Price Rises

An increase in the cost of goods or services in the market, often due to factors like inflation, increased demand, or higher production costs.

Equilibrium Price

The price at which the quantity demanded of a good equals the quantity supplied.

Quantity Demanded

Represents the total amount of a good or service that consumers are willing and able to purchase at a given price over a specific period of time.