The Point on a Line Chart at Which the Lines

question 54

Multiple Choice

The point on a line chart at which the lines showing sales and expenses cross is called the ________ point.

• A)break-even
• B)trend
• C)no-return
• D)profit and loss

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Definitions:

Quantity Supplied

The amount of a commodity that is made available for sale by producers at a certain price level, over a given period.

Price-Elasticity Coefficient

A gauge for understanding how the quantity of a product demanded reacts to price adjustments.

Sales Quantity

The total number of units of a product or service sold within a specific period.

Demand Schedule

A table that shows the quantity of a good or service that people will purchase at various prices over a specified period.