Assume that Mr. Anderson had seen Ms. Branson at a party a few weeks before Hill approached her about buying the land. At that party, Anderson and Branson chatted briefly about her possible interest in selling the land. At that time, Mr. Anderson told her, "I have a man I will send to your place to talk about the sale. He buys land for me as investments." In reality, Hill works for Anderson Crossing Investments, Inc., and not for Richard Anderson personally, but Mr. Anderson was trying to impress Ms. Branson. Later, Hill does go to Ms. Branson and buys the property, which quadruples in value over the next few years and is sold to the mall, making a profit for Anderson Crossing Investments, Inc. Branson sued Mr. Anderson for the actions of his agent in misleading her about the value and contract terms of the sale of the land.

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

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

According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills