When Demand Increases

question 121

Multiple Choice

When demand increases,

• A) consumers are willing to buy more at any price.
• B) consumers buy more of the good only if its price falls.
• C) the price is lower at any level of quantity demanded.
• D) consumers buy more of the good only if its price rises.
• E) the demand curve shifts leftward.

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Definitions:

Multidomestic Strategy

A strategy that customizes products and advertising to best fit local needs.

Geocentric View

An approach to international business that sees similarities and differences everywhere and seeks to build strategies that leverage global efficiencies without being blind to local needs.

Transnational Strategy

A strategy that seeks efficiencies of global operations with attention to local markets.

Mutual Benefit

A situation or agreement where all parties involved gain advantages or profits.