This month Fritter Firm finds that it has been able to sell 200 fritters at a price of $1 per fritter. Last month, the firm was able to sell only 150 fritters at $1 per fritter. What most likely happened over the month?

Question

Quizplus · Accepted Answer

The fact that the firm was able to sell more fritters at the same price suggests that there was an increase in demand. This may be due to a variety of factors such as marketing efforts, changes in consumer tastes or preferences, or an increase in population.

This Month Fritter Firm Finds That It Has Been Able