Table 4-B -Refer to Table 4-C

question 95

Multiple Choice

Table 4-B
$\begin{array}{ccc}\text { Price per gallon } &\text { Quantity Demanded }&\text { Quantity Supplied of } \\&\text { (thousands of gallons) }&\text { gasoline (thousands of }\\&&\text { gallons) }\\\$ 4.50 & 600 & 2,000 \\\$ 4.25 & 700 & 1,900 \\\$ 4.00 & 800 & 1,800 \\\$ 3.75 & 950 & 1,700 \\\$ 3.50 & 1,200 & 1,600 \\\$ 3.25 & 1,500 & 1,500 \\\$ 3.00 & 1,800 & 1,400 \\\$ 2.75 & 2,100 & 1,300 \\\$ 2.50 & 2,400 & 1,200\end{array}$

-Refer to Table 4-C.If the government were to remove a $3.50 price floor in the milk market, the result would be:

• A)a decrease in price and increase in the quantity of milk supplied.
• B)a decrease in price and increase in the quantity of milk demanded.
• C)an increase in both price and the quantity of milk supplied.
• D)an increase in both price and the quantity of milk demanded.
• E)no change in price, and the quantity of milk supplied would equal the quantity demanded.

Assess the impact of inventory and accounts receivable management on liquidity and operational efficiency.

Identify financial strategies to improve liquidity and financial stability.

Evaluate company performance using inventory and accounts receivable turnover ratios.

Understand the implications of long-term versus short-term financing options on financial ratios.

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Definitions:

IR

Infrared spectroscopy, a technique used to analyze and identify chemical substances based on their interaction with infrared light.

MS

Mass spectrometry, an analytical technique used to measure the mass-to-charge ratio of ions, useful in determining the composition of a sample or molecule.

Molecular Formula

An expression that indicates the number and type of atoms present in a single molecule of a substance.

IR

Infrared radiation, often used in spectroscopy to identify compounds based on molecular vibrations.