1. (4 points) In each situation below, indicate if demand for wooden pencils or QD of...
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1. (4 points) In each situation below, indicate if demand for wooden pencils or QD of wooden pencils changes and, the direction (increase or decrease) of the change. a. (1 point) the price of pencils falls. b. (1 point) the price of mechanical pencils rises. c. (1 point) incomes rise. d. (1 point) the number of school children falls. 1. (4 points) In each situation below, indicate if demand for wooden pencils or QD of wooden pencils changes and, the direction (increase or decrease) of the change. a. (1 point) the price of pencils falls. b. (1 point) the price of mechanical pencils rises. c. (1 point) incomes rise. d. (1 point) the number of school children falls.
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Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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