Assume That Both the Demand Curve and the Supply Curve

question 194

Multiple Choice

Assume that both the demand curve and the supply curve for DVD players shift to the left but the demand curve shifts more than the supply curve.As a result

• A)both the equilibrium price and quantity of DVD players will decrease.
• B)the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease.
• C)the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of DVD players will increase; the equilibrium quantity may increase or decrease.

Appreciate the ethical obligations of consumers in the exchange process and the disposition of products.

Understand the concept of sustainable development and its importance in modern business.

Identify the various forms of social responsibility, including cause marketing and social audits.

Recognize the ethical implications of marketing decisions and consumer behavior.

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Definitions:

Absorbed Corporation

An absorbed corporation is one that has been merged into another entity, resulting in the loss of its former separate legal identity.

Surviving Corporation

The entity that continues to exist after a merger, having absorbed another business entity.

Property

Refers to ownership of resources such as land, buildings, or intellectual property.

Liquidation

The process in which a debtor turns over all assets to a trustee.