Markers Are _______________________ Than Sharpies Because ____________________

question 31

Multiple Choice

Markers are _______________________ than Sharpies because ____________________.

• A)less price elastic;it is a smaller portion of one's income
• B)more price elastic;it is a smaller portion of one's income
• C)less price elastic;the scope of the market is more broadly defined
• D)more price elastic;the scope of the market is more broadly defined

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Definitions:

Creditor

An individual or institution to which money is owed.

Expense

A financial outlay that is incurred through business operations or activities.

Equipment

Tangible, long-term assets used in the operations of a business, not intended for sale.

Supplies

Supplies are consumable items used in the everyday operations of a business, such as office materials, that are not resold to customers.