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Tianhui was recently hired as a sales representative by Oxtron,Inc.Before leaving on his first sales trip,a number of the other sales representatives take Tianhui aside and tell him that it is customary for the sales representatives to "pad" (increase)their expense reports each month by 20%.Use the ethics checklist to decide what Tianhui should do about the expense report he submits to Oxtron.
Supply Increases
A condition in which the quantity of goods and services offered by businesses rises, often leading to lower prices if demand remains constant.
Demand Decreases
Occurs when consumers are less willing or able to purchase a product at any given price, leading to a leftward shift in the demand curve.
Shift Left
A decrease in the supply or demand of a product in a market diagram, typically resulting in a lower equilibrium quantity and potentially a higher or lower equilibrium price.
Demand
The quantity of a good or service consumers are willing and able to purchase at various prices.
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