The Law of Demand Suggests That

question 122

Multiple Choice

The Law of Demand suggests that

• A)Higher prices automatically result in higher profits
• B)Demand determines supply
• C)The lower the price of a product,the more consumers will wish to purchase,other things equal
• D)Without laws,markets would not reach equilibrium
• E)Both (a)and (c)

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Definitions:

Job Satisfaction

The level of contentment employees feel about their job roles, which influences their performance and retention.

Smaller Companies

Businesses that operate on a relatively modest scale in terms of their revenues, employees, or market share compared to larger corporations.

Gender Differences

The distinctions in characteristics, behaviors, roles, and cultural expectations traditionally associated with being male or female.

Counterproductive Behaviors

Actions by members within an organization that hinder its objectives or reduce its effectiveness, such as sabotage or theft.