The Price Elasticity of Supply Is Usually a Positive Number

question 92

Multiple Choice

The price elasticity of supply is usually a positive number because

• A)quantity supplied increases in response to income increases.
• B)quantity supplied increases in response to price increases.
• C)the quantity demanded usually rises when price falls and therefore suppliers would want to capitalize on this increase in demand.
• D)price rises when supply increases.

Identify strategies for effectively delivering bad news in business communication.

Recognize the appropriate use of apologies in negative-news messages.

Distinguish between direct and indirect strategies for refusing requests or claims.

Understand how to maintain future relations or business after delivering bad news.

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Definitions:

Domestic Oil Market

The market that deals with the supply, demand, and pricing of oil within a country's borders.

Acquisitions

The act of acquiring control of another company by purchase or exchange of stock.

Greenmail

A situation where a company pays a premium to buy back its own shares from a corporate raider to prevent a hostile takeover.

Outstanding Stock

The total shares of a corporation's stock that have been issued and are in the hands of the public and company officers.