The law of demand states that, other things equal, Group of answer choices
1. price and quantity demanded are inversely related.
2. the larger the number of buyers in a market, the lower will be product price.
3. price and quantity demanded are directly related.
4. consumers will buy more of a product at high prices than at low prices.

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.