The Demand Function for a Pack of Four Never Die

question 138

Multiple Choice

The demand function for a pack of four Never Die Batteries is Qd = (62 million) - (8 million × P) . The company is currently charging a price of $5 per package, but is considering decreasing the price to $4. How will the decrease in price affect how many packages of batteries consumers will buy?

• A)Consumers will decrease the quantity demanded by 30 million.
• B)Consumers will increase the quantity demanded by 30 million.
• C)Consumers will decrease the quantity demanded by 8 million.
• D)Consumers will increase the quantity demanded by 8 million.

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Definitions:

Leader-Participation Model

A theory in leadership studies that suggests the effectiveness of leadership styles varies depending on the task, the leader's personality, and team-members' characteristics.

Assertive

Characterized by confidence and self-assurance in expressing one's opinions and needs directly.

Directive Behaviours

Actions and practices where a leader explicitly guides or directs the activities of others towards set goals or expectations.

Leadership Approaches

Refers to various theories and practices guiding how to effectively manage and lead teams or organizations.