Stavros Sells Gold and Green Fabric in His Drapery Store

question 173

Multiple Choice

Stavros sells gold and green fabric in his drapery store. He buys the same quantity of both each quarter for $18 per metre for the gold fabric and $20 for the green fabric. His last order totalled $2,290. The supplier has advised Stavros that the gold fabric will increase by 20% and the green fabric by 25%, and his total order for the next quarter will be $2813. How many metres of gold fabric does Stavros order each quarter?

• A) 65
• B) 56
• C) 85
• D) 55
• E) 25

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price level.

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The industry segment that deals with the production and sale of clothing designed for swimming and related activities.

Government Subsidy

Financial assistance provided by the government to individuals, organizations, or industries to support activities deemed beneficial for the public or economy.

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The market value or cost of soybeans, which can fluctuate based on supply, demand, and external market conditions.