Consider the Following REA Diagram as You Respond to the Question

question 21

Multiple Choice

Consider the following REA diagram as you respond to the question: The box in the second column represents a(n) :

• A)Resource
• B)Event
• C)Internal agent
• D)External agent

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Definitions:

Substitutes

Goods or services that can be used in place of one another, where an increase in the price of one leads to an increase in demand for the other.

Pepsi

A global beverage and food company known for its eponymous brand of cola and a wide range of other products.

Coke

A carbonaceous solid derived from coal through the process of carbonization, used primarily as a fuel and in the production of steel.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level in a given time period.