During the Last Decade, the Price of a Computer Fell

question 48

Multiple Choice

During the last decade, the price of a computer fell every year and the quantity sold increased every year. This experience suggests that the

• A)"law of demand" was definitely contradicted.
• B)demand curve shifted rightward.
• C)"law of supply" was definitely contradicted.
• D)supply curve shifted rightward.

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Definitions:

Cultural Differences

Variations in the customs, values, norms, and social practices among people from different backgrounds or societies.

Cultural Differences

Variations in the practices, beliefs, and values of different societies, which can affect communication, work styles, and business practices in a global context.

Assertion Cultures

Cultural or organizational contexts where straightforwardness and assertiveness in communication are valued and encouraged.

Low-assertion Cultures

Societies where individuals are encouraged to blend in with their community and prioritize harmony over personal achievement.