Select the correct answer. Which scenario caused a change in quantity demanded for gas from
point A to point B?
100
95
demand
90
Price
85
per
Gallon

(Answer is the price of gas fall)
(dollars)
80
75
70
65
B
100 200 300 400 500 600 700
Quantity of Gasoline (millions of gallons)
The supply of gas increased.
The price of gas fell.

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing

Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand.b. price increases have failed to bring about demand management.c. demand exceeds capacity.d. demand exceeds 100 percent.e. the existing product has seasonal or cyclical demand.