Which of the Following Would Cause Prices to Drop

question 72

Multiple Choice

Which of the following would cause prices to drop?

• A)a demand for higher wages
• B)increased production by business
• C)increased taxes on business
• D)a reduction in the money supply
• E)high levels of demand by customers

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Definitions:

Social Responsibility

The ethical framework that suggests an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.

Economic Responsibility

The obligation of an organization to make decisions that benefit the economic well-being of society and its stakeholders.

Legal Responsibilities

Encompasses the obligations that organizations and individuals have to abide by laws and regulations in their professional conduct.

Corporate Social Responsibility

A strategy for business that promotes sustainable development through ensuring economic, social, and environmental advantages for every stakeholder involved.