When the Price of Softballs Is High,a ________ in Price

question 114

Multiple Choice

When the price of softballs is high,a ________ in price will raise total revenue.When the price is low,the seller should ________ the price to increase total revenue.

• A) decrease; raise
• B) rise; raise
• C) decrease; decrease
• D) rise; decrease
• E) decrease; not change

---

Definitions:

Employee Compensation

All forms of financial returns and tangible benefits that employees receive as part of their employment, including salary, bonuses, and benefits.

Patient Protection and Affordable Care Act

Health care reform law passed in 2010 that includes incentives and penalties for employers providing health insurance as a benefit.

Social Security Act

A law enacted to provide for the general welfare by establishing a system of federal old-age benefits, and by enabling states to make more adequate provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment compensation laws.

Employee Retirement Income Security Act

A federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.