Which of the Following Statements About Price, Demand, and Profit

question 111

Multiple Choice

Which of the following statements about price, demand, and profit is generally true?

• A)As price increases, demand decreases.
• B)As demand increases, profit decreases.
• C)As price increases, demand increases.
• D)As price decreases, demand decreases.

Grasp the principle of distributive justice and its application in leadership decisions.

Learn about the methods for measuring ethical leadership and the challenges involved.

Identify and explain the five principles of ethical leadership.

Understand the major domains of ethical theory and their relevance to leadership.

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Definitions:

Pre-Tax Cost

The expense of an investment or project before accounting for taxes; it reflects the gross cost.

Net Advantage

An evaluation metric that identifies the benefits minus the costs of pursuing a specific action or investment.

Depreciation Tax Shield

A tax reduction achieved through deducting depreciation expenses, lowering taxable income.

Straight-Line Method

A method of calculating depreciation of an asset, which assumes the asset will lose an equal amount of value each year over its useful life.