Demand is defined as
A) a schedule of how much of an item people will purchase at any particular price of that item during a specified time period, other things being constant.
B) a specific quantity of an item that people want at a particular price of that item during a specified time period, other things being constant.
C) a schedule of how much of a good or service people will purchase at any particular price of a different item during the specified time period, other things being constant.
D) a specific quantity of a good or service that people will purchase at one particular price of another item during a specified time period, other things being constant.
A
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If Pepsi increases its prices which of the following would NOT happen?
A. The demand for Pepsi would drop. B. The quantity demanded of Pepsi would drop. C. The demand for Coke would increase. D. The equilibrium price of Coke would rise.
A relationship between two variables in which one variable increases at the same time that the other increases is called
A. inverse. B. constant. C. direct. D. nonlinear.
The government program that provides aid to families in need is
A) TANF. B) Social Security program. C) Supplemental Security Income program. D) Earned Income Tax Credit.
Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. 
Figure 8.6 Refer to Figure 8.6. Outdoor Equipment's average variable costs are minimized at the output level
A. between the intersections of curves 1 and 2 and curves 1 and 3. B. where curves 1 and 2 intersect. C. where curves 1 and 3 intersect. D. indeterminate with the given information.