Which of the following illustrates movement along the demand curve?
A. As the price is raised, the quantity demanded increases, assuming all demand factors stay the same.
B. As the price is lowered, the quantity demanded increases, assuming all demand factors stay the same.
C. Prices remain the same, but there is a significant decrease in demand.
D. Prices remain the same, but there is a significant increase in demand.
E. Movement along the curve indicates that some significant event has taken place outside the organization that has affected demand.
Answer: B
You might also like to view...
Mendes Charters reported the following information at December 31, 2015: Preferred stock, $100 par, 500 shares authorized, and outstanding; cumulative; nonparticipating; callable at par value $ 50,000 Common stock, $12 par, 50,000 shares authorized and outstanding 600,000 Additional paid-in capital--Common 25,000 Retained earnings 825,000 Mendes' total contributed capital is
a. $ 650,000 b. $ 675,000 c. $1,500,000 d. $ 625,000
Which of the following is an analysis that specifically investigates the potential effects of both the negative and positive risks with regards to project schedule, cost, or performance quality?
A) Six Sigma B) CMMI C) DMAIC D) risk probability assessment
The objective function coefficient of an artificial variable for a minimization linear programming problem is:
A) +M. B) -M. C) 0. D) 1. E) an arbitrary value between 0 and positive infinity
When a Fortune 500 business lays off workers, some displaced employees may decide to start their own businesses. They are best described as
A. foreign refugees. B. welfare profiteers. C. corporate entrepreneurs. D. reluctant entrepreneurs.