The law of demand implies, holding everything else constant, that as the price of bagels increases
A) the demand for bagels will decrease. B) the demand for bagels will increase.
C) the quantity of bagels demanded will increase. D) the quantity of bagels demanded will decrease.
D
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The game in Scenario 13.14
A) is Stackelberg if both players move at the same time; Cournot if one player moves first. B) is Cournot if both players move at the same time; Stackelberg if one player moves first. C) Stackelberg no matter what the timing of moves. D) Cournot no matter what the timing of moves. E) is neither Stackelberg nor Cournot.
Under the Sullivan Principles, a multinational producing in different countries
A) should pay the same wages in all countries. B) should comply with the same environmental standards that exist in the home country. C) should lobby for better standards in all countries. D) should produce in pollution havens.