The End of the Calendar Year Is Quickly Approaching

question 95

Multiple Choice

The end of the calendar year is quickly approaching.What are you likely to do this time of year?

• A) get a new job
• B) set goals
• C) enroll in a new class
• D) learn a new skill

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Definitions:

Price

Price is the amount of money expected, required, or given in payment for something.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price point, over a specific time period.

Market Prices

The amount of money required to purchase a good or service in a market.

Quantities Demanded

The total amount of a good or service that consumers are willing and able to purchase at a particular price in a given market.