A Higher Price for Batteries Would Result in A(n)

question 20

Multiple Choice

A higher price for batteries would result in a(n)

• A)increase in the demand for flashlights.
• B)decrease in the demand for flashlights.
• C)increase in the demand for batteries.
• D)decrease in the demand for batteries.

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Definitions:

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of the business, which require the use of current assets or the creation of other current liabilities to settle.

Working Capital

The difference between a company's current assets and current liabilities, used to measure its short-term financial health and operational efficiency.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer.

Current Liabilities

Financial obligations of a business that are due and payable within one year, including accounts payable, short-term loans, and other short-term debts.