Which Statement BEST Exemplifies the Law of Demand

question 239

Multiple Choice

Which statement BEST exemplifies the law of demand?

• A)As income taxes rise,fewer new cars are purchased.
• B)As the price of corn rises,more acres of corn are planted.
• C)As the price of a car rental rises,fewer cars are rented.
• D)As the population rises,more electricity is consumed.

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Definitions:

Comparative Management

Studies how management practices differ between countries and cultures.

Outer-directed

Refers to individuals whose behaviors and decisions are influenced predominantly by external factors or the expectations of others rather than by personal values or desires.

Environment

The surrounding conditions, including social, physical, and economic, in which an organization operates.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, enriching social interactions and understanding.