-Refer to the Information Above to Answer This Question

question 128

Multiple Choice

-Refer to the information above to answer this question.Assume that the market was at equilibrium and that demand increases by 20 units.What will be the new equilibrium price and quantity?

• A)Price will rise by $2 and quantity traded will rise by 20 units.
• B)Price will fall by $2 and quantity traded will fall by 20 units.
• C)Price will rise by $1 and quantity traded will rise by 10 units.
• D)Price will fall by $1 and quantity traded will fall by 10 units.

Understand the concept of Sapir-Whorf hypothesis and its implications on linguistic relativity.

Identify and describe the characteristics of tonal languages.

Comprehend the three main branches of linguistics and their focuses.

Define sociolinguistics and understand its role in investigating the relationship between society and language.

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Definitions:

LIFO Method

Last In, First Out method; an inventory valuation method where the last items placed in inventory are the first ones to be used or sold.

Rising Prices

An economic condition characterized by an increase in the cost of goods and services over time, affecting purchasing power.

Average Costing

A method of inventory costing that determines the cost of goods sold and ending inventory value by calculating a weighted average of all costs for goods available for sale.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced items are recorded as sold first.