In the Village, If the Harvest This Year Is 6,000

question 19

Multiple Choice

In the village, if the harvest this year is 6,000 bushels of grain and the harvest next year will be 1,100 bushels and if rats eat 10% of any grain that is stored for a year, how many bushels of grain could the villagers consume next year if they consume 1,000 bushels of grain this year?

• A)5,600
• B)4,500
• C)7,100
• D)8,400
• E)1,200

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Definitions:

Demand

The amount of a product or service that consumers are prepared and capable of buying at different price levels over a specific time frame.

Related Goods

Related goods are goods that can either be substitutes or complements to each other, affecting each other's demand and consumption patterns.

Complements

Goods or services that are used together, where demand for one increases demand for the other.

Demand for Memory Cards

The consumer's desire and willingness to purchase memory cards at varying prices, influenced by factors such as technology usage and data storage needs.