From the Accompanying Table, We Can See That the Demand

question 45

Multiple Choice

From the accompanying table, we can see that the demand curve for ice skates by hockey players will be the demand curve for recreational skaters. $$\begin{array} { | l | c | c | } \hline \begin{array} { l } \text { Price of Ice } \\\text { Skates }\end{array} & \begin{array} { l } \text { Quantity } \\\text { Demanded } \\\text { (hockey } \\\text { players) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { Demanded } \\\text { (recreational } \\\text { skaters) }\end{array} \\\hline \$ 10 & 95 & 70 \\\hline \$ 20 & 85 & 60 \\\hline \$ 40 & 75 & 45 \\\hline \$ 50 & 65 & 25 \\\hline \$ 60 & 60 & 5 \\\hline\end{array}$$

• A) steeper than
• B) flatter than
• C) unrelated to
• D) the same as
• E) the inverse of

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Definitions:

ERP

Organizations leverage Enterprise Resource Planning software to handle everyday business tasks such as accounting, procurement, project management, and manufacturing.

FAIS

Financial Accounting Information System (FAIS) is an information system that collects, processes, and stores financial data to provide key financial information to internal stakeholders.

CRM

Customer Relationship Management, a strategy and software that businesses use to manage and analyze customer interactions and data throughout the customer lifecycle.

DSS

Stands for Decision Support System, which is a computerized program used to support determinations, judgments, and courses of action in an organization or a business.