Microsoft Excel Is an Example Of

question 20

Multiple Choice

Microsoft Excel is an example of:

• A)data management software.
• B)spreadsheet software.
• C)presentation graphics.
• D)word processing software.

Grasp the concept of elasticity in both demand and supply contexts.

Identify factors that cause shifts in demand and supply curves.

Understand the role of consumer income and preferences on demand.

Recognize the impact of cost changes on supply.

---

Definitions:

Money Income

The total amount of monetary earnings or revenue received by an individual or a household over a specified period.

Budget Line

A graphical representation showing all possible combinations of goods that can be purchased with a given budget.

Budget Line

It represents the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.