Purchasing Agent Angela Rodriguez Reported the Number of Sales Calls

question 75

Multiple Choice

Purchasing agent Angela Rodriguez reported the number of sales calls she received from suppliers on each of the past 14 days.What is the median number of calls?

• A)8
• B)7.5
• C)5
• D)6.5

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Definitions:

Supply

The total amount of a good or service available for purchase at any given price.

Inelastic Demand

A situation where the quantity demanded of a good or service changes little when its price changes.

Elastic Demand

A condition where the quantity demanded of a product changes significantly in response to changes in its price.

Expenditures Decline

A situation where the amount of money spent by individuals or entities decreases over a period of time.