An Increase in the Demand for Shoemakers Will Increase the Demand

question 188

True/False

An increase in the demand for shoemakers will increase the demand for shoes.

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Definitions:

Product Warranty

A promise or assurance given by a manufacturer or seller to a buyer that a product is free from defects and will perform as specified for a certain period of time.

Warranty Repairs

Repairs or replacements offered for free by the manufacturer or seller to correct defects covered under a warranty.

Sales

The total amount of revenue generated from goods or services sold by a company.

Payroll Tax Expense

Taxes that are paid based on the salary and wages of employees, including social security, medicare, and federal and state unemployment taxes.