Which statement best summarizes the law of demand? A. Sellers only supply goods that are in high demand from buyers.
B. Buyers are more likely to buy a product that is supplied in large
quantities.
C. Sellers can easily substitute a product in high demand with
another product
D. Buyers are more interested in purchasing products as those
products decline in price.

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

What is a sort of auction for stocks in which traders verbally submit their offers?

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system