A Decrease in Price Causes

question 74

Multiple Choice

A decrease in price causes:

• A) a quantity effect, which is an increase in revenue that results from selling fewer units of the good.
• B) a price effect, which is an increase in revenue that results from receiving a lower price for each unit sold.
• C) both a price effect and quantity effect.
• D) a decrease in quantity demanded.

Recognize managerial and technical aspects of IT architecture.

Comprehend the role and structure of the application portfolio within an organization.

Distinguish between different financial measures and their application in IT project valuation (NPV, ROI, Breakeven analysis).

Understand the strategic alignment between organizational mission, IS requirements, and IT strategic planning.

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Definitions:

Single Heads

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Underutilization

The failure to use resources, capabilities, or technologies to their full potential, often leading to inefficiencies or missed opportunities.

Psychological Care

Assistance and support provided to improve an individual's mental health and wellbeing, addressing psychological distress and disorders.

Rites of Passage

Ceremonies or rituals that mark important transitions or stages in a person's life, such as birth, puberty, marriage, and death.