An Expenditure That You Can Control Over Time and That

question 48

Multiple Choice

An expenditure that you can control over time and that you can manage is a(n)

• A)variable expenditure.
• B)fixed expenditure.
• C)constant expenditure.
• D)short-term expenditure.
• E)adjustable expenditure.

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Definitions:

Flow Measure

A type of economic measurement that is recorded over a specific period of time, such as income or expenditure.

Demand Curves

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at different prices.

Complements

Products that are frequently consumed in conjunction with one another, where a rise in demand for one results in a boost in demand for the other.

IPods

A line of portable media players designed and marketed by Apple Inc., notable for transforming the music and electronics industries.