Jerry Has $50,000 in His Savings Account and the Average

question 164

Multiple Choice

Jerry has $50,000 in his savings account and the average new car price is $23,000.Does Jerry have a demand for a new car?

• A) Yes,since Jerry can afford a new car.
• B) Not necessarily.Jerry has the ability to buy a new car,but we don't know if he also has the willingness to buy a new car.
• C) Yes,since Jerry's savings is more than double the average new car price.
• D) none of the above

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Definitions:

Estimated Cost Line

A projection or forecast of the expected costs associated with a project, product, or service over a specified period.