Identify Each Statement as a Long-Term Goal or a Short-Term

question 18

Multiple Choice

Identify each statement as a long-term goal or a short-term goal.

-Plan ahead for each task performed by obtaining needed equipment and supplies.

• A) long-term goal
• B) short-term goal

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Definitions:

Price Lowered

A decrease in the cost of a good or service to consumers.

Price Elasticity

A measure of the responsiveness of quantity demanded or supplied of a good to a change in its price.

Quantity Demanded

The quantity of a good that consumers are willing and able to purchase at a given price over a specified period of time.

CD Players

Devices used for playing audio CDs that were a popular technology for music playback before being gradually replaced by digital music players.