What does the demand curve tell us about the price that consumers are willing to pay?
What will be an ideal response?
For any fixed quantity of a good available, the vertical distance of the demand curve from the x-axis shows the maximum price that consumers are willing to pay for that quantity of the good. The price on the demand curve at this quantity indicates the marginal benefit to consumers of the last unit consumed at that quantity.
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The GDP deflator:
A) measures the price changes of a fixed basket of goods and services. B) measures the price changes of all final goods and services produced. C) measures the price changes of just goods consumed by the household sector. D) none of the above.
To create a new company data file in QuickBooks, use the:
a. Company menu > New Company b. Company section of the Home page > New Company c. File menu > Open or Copy Company d. File menu > New Company