Answer: А The monthly supply of milk must increase by 8 billion gallons.
Explanation:
The demand is 18 billion gallons and the supply is 10 billion gallons a month. For equilibrium to be reached, the supply needs to reach a level of 18 billion gallons a month because equilibrium means that Supply is equal to Demand.
For the supply to reach this amount per month, it needs to increase by:
= Amount needed - Amount currently supplied
= 18 billion - 10 billion
= 8 billion gallons a month
Answer: False
Explanation:
The U.S. Supreme Court doesn't defines materiality as "the magnitude of an omission or misstatement of accounting information that, in light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would have been changed or influenced by the omission or misstatement." Instead, materiality is defined as “generally states that information is material if there is a substantial likelihood that the omitted or misstated item would have been viewed by a reasonable resource provider as having significantly altered the total mix of information,”
