More Television Sets Are Being Sold Today Than One Year

question 81

Multiple Choice

More television sets are being sold today than one year ago,and the selling price has increased.This could have been caused by a(n)

• A)increase in demand.
• B)decrease in supply.
• C)decrease in demand.
• D)increase in supply.
• E)exception to the law of demand.

---

Definitions:

Manufacturing Tools

Instruments, machines, or related items used in the manufacturing process to produce goods and products.

Obsolete

Refers to products, technologies, or methods that are out-of-date or no longer in use.

Simple Interest Loan

A loan where interest is calculated only on the principal amount, not on accumulated interest.

Net Advantage To Leasing

The financial benefits that accrue to a business when leasing assets as opposed to purchasing them, often considered in terms of cost savings and tax advantages.