How Will an Increase in Price Tend to Affect Demand

question 153

Multiple Choice

How will an increase in price tend to affect demand?

• A)Demand will increase.
• B)Demand will decrease.
• C)Demand will not change.
• D)Uncertain.

Understand the frameworks and theories of ethical leadership.

Identify the importance of alignment between leader behavior and values.

Recognize the impact of ethical leadership on follower behavior and organizational culture.

Illustrate the challenges and obstacles in practicing and evaluating ethical leadership.

---

Definitions:

Hybrid

A combination of two or more different things, aimed at achieving a particular objective or enhancing functionality, such as hybrid vehicles or hybrid work models.

Compensation Policy

Guidelines or principles that direct how an organization assigns monetary and non-monetary rewards to its employees.

Entry-Level Workers

Employees who are at the beginning stage of their career, typically with less experience and qualifications, and often starting at the lower end of an organization's pay scale.

Market

A system or context in which commercial transactions between buyers and sellers take place.