A sign company creates and prints the full-sized vinyl sheets that make it quick and easy to change the promotion on a billboard
If a change in the price of petroleum (a necessary ingredient for the production of plastic) forced manufacturers of vinyl sheets to increase their price by 20 percent, the company would still need to buy the same amount to meet its customers' needs. Therefore, demand for vinyl sheets by companies that use this product to create billboard ads is ________.
A) elastic
B) joint
C) independent
D) inelastic
E) fixed
D
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Answer the following statement true (T) or false (F)
A company has the possibility to pay off a line of credit early for a 2% discount rate if paid off in 25 days. There are 24.333 discount periods for the year for this money if the discount is not taken. What are the terms for this cash discount?
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