Suppose When the Price of Hybrid Automobiles Rises,consumers Buy Fewer

question 53

Multiple Choice

Suppose when the price of hybrid automobiles rises,consumers buy fewer hybrid automobiles.This implies that

• A)there is a positive relationship between hybrid automobile prices and quantities purchased by consumers.
• B)there is a negative relationship between hybrid automobile prices and quantities purchased by consumers.
• C)there is a direct relationship between hybrid automobile prices and quantities purchased by consumers.
• D)there is a one-to-one relationship between hybrid automobile prices and quantities purchased by consumers.

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Definitions:

Negligence Or Mismanagement

Failure to exercise appropriate care or the mismanagement resulting in harm or loss.

Duty Of Loyalty

A legal obligation requiring individuals to act in the best interests of another party or entity, typically referring to corporate officers and directors.

Fiduciary

As a noun, a person having a duty created by his or her undertaking to act primarily for another’s benefit in matters connected with the undertaking. As an adjective, a relationship founded on trust and confidence.

Corporate Office

The main or headquarters location of a company where key managerial and executive activities are conducted.