Which of These Is Considered a Decision That Enables an Individual

question 86

Multiple Choice

Which of these is considered a decision that enables an individual or company to benefit at society's expense?

• A) A legal behavior
• B) An unethical behavior
• C) An economic responsibility
• D) A discretionary responsibility
• E) A responsible behavior

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market equilibrium price.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in a balance between production and consumption.

Equilibrium Quantity

The volume of commodities or services provided that coincides with the volume requested at the price of market balance.

Normal Good

A normal good is one whose demand increases when consumers' incomes increase and falls when incomes decrease, all else being equal.