The Creative Division of the Barry Company reported the following results for December:
Based on this information, what were sales?
Definitions:
Government
The organization or system through which a society or community is governed, typically consisting of various institutions and authorities.
Market
Any structure that allows buyers and sellers to exchange any type of goods, services, and information.
Perfectly Inelastic
A situation in demand where the quantity demanded does not change regardless of changes in price.
Price Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in price.
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