Convenience products refer to.

a. items that consumers will make special efforts to seek out and buy. b. items for which consumers compare several alternatives on criteria such as price, quality, or style. c. products consumers purchase frequently and with a minimum of shopping effort. d. ancillary products used to make other products work more efficiently. e. low-cost items for which there are numerous substitutes and generic equivalents.

Money from an allowance or job is known as .

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise