(Consider This) Suppose That Salsa Manufacturers Sell 2 Million Bottles

question 47

Multiple Choice

(Consider This) Suppose that salsa manufacturers sell 2 million bottles at $3.50 in one year and 3 million bottles at $3 in the next year. Based on this information, we can conclude that the

• A) law of supply has been violated.
• B) law of demand has been violated.
• C) demand for salsa has increased.
• D) supply of salsa has increased.

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Definitions:

Disagree

To have a difference of opinion or conflicting views about a particular subject.

Majority

The age at which a person is considered legally competent to consent to contracts and manage their own affairs; also, a quantity greater than half of a total.

Unanimous

Complete agreement or consent among all members or participants.

Partnership Agreement

A legal document that specifies the rights and obligations of partners within a business partnership.