The 2016 financial statements for BNSF Railway report the following information: Year ended December 31, 2016 2015 (In millions) Revenues $19,829 $21,967 Property and equipment, net 61,250 59,510 Total assets 84,122 81,703 The 2016 property, plant and equipment turnover is: A. 0.39 B. 2.38 C. 0.33 D. 0.70 E. None of the above

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls