Consider the Demand Data Listed Below

question 122

Multiple Choice

Consider the demand data listed below.What is the 4-month moving average forecast for June?

• A)14,000
• B)Not enough information is given to answer the question.
• C)14,500
• D)13,500
• E)15,333

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Definitions:

Demand Curve

A graph that shows the relationship between the price of a good and the quantity of that good consumers are willing to purchase at various prices.

Natural Monopolist

A natural monopolist is a single supplier in a market that can produce the total quantity of a good or service demanded at a lower cost than if there were multiple suppliers, due to high fixed costs and economies of scale.

Price-Regulated

A market condition where the government sets the maximum or minimum prices for certain goods or services to protect consumer interests or ensure affordability.

Marginal Cost

The extra expense associated with the creation of an additional unit of a product or service.