An Association Object Relates Two (Or More)objects and Stores Data

question 17

True/False

An association object relates two (or more)objects and stores data that are peculiar to that relationship.

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Definitions:

Demand Price

The price at which consumers are willing to buy a specific quantity of a good or service at a given time.

Supply Price

The minimum price at which a producer is willing to sell a particular quantity of a good or service.

Price Ceiling

A legal maximum price that can be charged for a good or service.

Producer Surplus

The differentiation between the amount at which producers are content to sell a good or service and their actual revenue.