"As the Price of Apples Goes Up,the Demand for Apples

question 28

Multiple Choice

"As the price of apples goes up,the demand for apples goes down." The author of this statement

• A) implies that price and demand are unrelated.
• B) uses the word "demand" when he should use the word "supply."
• C) uses the word "demand" when he should use the words "quantity demanded."
• D) implies that demand and price have a direct relationship.

---

Definitions:

Articles of Incorporation

Documents filed with a government body to legally establish a corporation, including details like the firm's name, purpose, and structure.

Incorporators

Individuals who establish a corporation by preparing and filing the necessary legal documents with the appropriate state authority.

Nature and Purpose

The intrinsic qualities and the fundamental reasons something exists or is done, aimed at achieving specific goals.

Fiduciary Duties

Obligations one party has to act in the best interest of another when entrusted with care or responsibility, especially in financial matters.