In December 2014, the Average Price of Gasoline in the United

question 290

Multiple Choice

In December 2014, the average price of gasoline in the United States was $2.50 per gallon and consumers bought 7 percent more gasoline than they had during April 2014, when the average price was $3.60 per gallon.Based on these figures, when the price of gasoline fell from $3.60 per gallon to $2.50 per gallon, total revenue

• A)increased.
• B)decreased.
• C)did not change.
• D)There is not enough information to determine what happened to total revenue.

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Mobile Wallet

A digital wallet that allows users to store payment information on their mobile devices, facilitating electronic transactions and digital payments.

Financial Transactions

Exchanges or transfers of money between parties, which can be conducted in various forms such as cash, electronic funds, or checks.