______ are periodic,fairly short-term fluctuations in demand often caused by human activities or weather.
A)Cyclical variations
B)Seasonal variations
C)Irregular variations
D)Random variations

Question

Quizplus · Accepted Answer

Seasonal variations are periodic, fairly short-term fluctuations in demand that occur regularly over time, often caused by human activities or weather. Examples include increased demand for air conditioning during summer months or for winter sports equipment during the winter season. Cyclical variations are longer-term fluctuations that are typically tied to changes in the business cycle, irregular variations are unpredictable fluctuations that do not follow a pattern, and random variations are fluctuations that occur due to chance events.

______ Are Periodic,fairly Short-Term Fluctuations in Demand Often Caused by Human