MATCHING

question 7

Short Answer

MATCHING
a) layered loaf of several varieties of ice cream
b) a still-frozen mousselike dessert
c) ice cream or a combination of ice cream and sorbet molded into a decorative shape
d) an icy frozen mixture usually made from citrus juice or coffee
e) a cooked mixture of eggs and milk or cream that is churned and frozen
-parfait

---

Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell at each price level.

Elastic

Describes a situation in which the quantity demanded or supplied of a good or service changes significantly in response to a change in price.

Total Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations.