Select the Phrase That Correctly Completes the Following Statement

question 139

Multiple Choice

Select the phrase that correctly completes the following statement."A positive change in technology caused an increase in the supply of flat-screen televisions.As a result, ________."

• A)the price of flat-screen televisions decreased and the demand for flat-screen televisions increased
• B)the equilibrium quantity of flat-screen televisions decreased
• C)the price of flat-screen televisions decreased and the quantity demanded of flat-screen televisions increased
• D)the price of flat-screen televisions decreased, and the lower price caused the supply of flat-screen televisions to decrease

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Definitions:

Budgeting Formulas

Mathematical expressions or calculations used in the process of preparing budgets, forecasting revenues, and controlling costs.

Employee Salaries and Wages

Payments made to employees for their labor, including regular salaries and hourly wages.

Customers Served

The number of individual clients or customer accounts that receive goods or services from a business over a specific period.

Flexible Budget

An adaptive financial plan that changes in accordance with variations in volume or activity rates.