According to the law of demand, all other things being equal, a. the quantity demanded falls when the price falls, and the quantity demanded rises when the price rises. b. the quantity demanded falls when the price rises, and the quantity demanded rises when the price falls. c. the demand falls when the price falls, and the demand rises when the price rises. d. the demand falls when the price rises, and the demand rises when the price falls. e. price and quantity are always positively correlated.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.