A refers to the routine purchase of items that a b2b customer regularly needs. the buyer has purchased the same items many times before and routinely reorders them when supplies are low, often from the same suppliers. reordering the items takes little time.

Consumer surplus is: the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers. the difference between the price of a product and consumers' valuation of the last unit of the product purchased.

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production