Table 4-3 The Table Shows Individual Demand Schedules for a Market

question 54

Multiple Choice

Table 4-3
The table shows individual demand schedules for a market.

-Refer to the Table 4-3.What happens if the price decreases from $1.50 to $1.00

• A)The market demand increases by 20 units.
• B)The quantity demanded in the market decreases by 2 units.
• C)Individual demands will increase.
• D)The quantity demanded in the market increases by 7 units.

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Definitions:

Accounts Receivable

Funds that are due to a company from its customers for goods or services that have been delivered or sold but not yet paid for.

Inventories

are the raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Operating Expense

Operating expense refers to the costs associated with the day-to-day operations of a business, excluding direct production costs.

Investing Activity

Transactions involving the purchase and sale of long-term assets and other investments, not directly related to the entity's primary business operations.