If You Hear on the News That a River Has

question 90

Multiple Choice

If you hear on the news that a river has reached "flood stage," what does this statement mean?

• A) that the river has overflowed its banks
• B) that the river has just reached bankfull discharge
• C) that the water level has topped a levee
• D) that the river discharge has peaked and is expected to decrease
• E) that the water level is likely to cause property damage

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Definitions:

Net Revenues

The amount of income that remains after subtracting all expenses, taxes, and costs related to the revenue-generating activities.

Single-Price

A pricing strategy where a product or service is sold at the same price to all customers in all markets.

Buyer Demand

The desire and willingness of consumers to purchase a particular good or service at a given price.

Buyer Income

The financial resources available to a consumer, which influence the person's ability to make purchases within the market.