If an Increase in the Price of Lemonade Causes More

question 112

Multiple Choice

If an increase in the price of lemonade causes more people to sell lemonade, then it can be argued that the price increase

• A)acted as a transfer price.
• B)caused a redistribution of income.
• C)caused a market failure
• D)reduced competition.
• E)acted as an incentive.

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Definitions:

Technical Experts

Individuals who possess a deep, specialized knowledge in a particular field or technology, often consulted for their expertise.

Internal Customer

The person who depends on the other people in the company to provide the services and products for the external customer.

Mediator

A neutral third party who assists in resolving disputes by facilitating communication between conflicting parties with the goal of reaching an agreement.

Customer Service Ethics

Moral guidelines that govern the behavior and practices of individuals providing services to customers.