which of the following scenarios best describes the impact ethical can have on the law of supply and demand
an apparel company decides to move production to another country where the costs of production and shipping are lower
a bottling company conducts massive layoffs when an advance in robotics enable the company to streamline the bottling process
a coffee company musgt raise prices on order to offset losses caused by an earthquake that destroyed crops and injured farmers
use of a social media company product declines after an article reveals the company has been collecting user data without permission
The scenario that best describes the impact ethics can have on the law of supply and demand is:
Use of a social media company's product declines after an article reveals the company has been collecting user data without permission.
In this scenario, the unethical behavior of the social media company (collecting user data without permission) leads to a decrease in demand for their product. Users become aware of the company's unethical practices and choose to stop using their product in response. As demand decreases, the company's supply will also decrease as they sell fewer products. This decline in demand and supply can ultimately have a negative impact on the company's profitability and market presence.
The scenario that best describes the impact ethics can have on the law of supply and demand is:
Use of a social media company product declines after an article reveals the company has been collecting user data without permission.
In this scenario, the ethical concern of privacy and consent affects the demand for the social media company's product. Users, upon learning about the unethical behavior, may choose not to use the product, thereby reducing the demand. As a result, the company may experience a decrease in sales and a corresponding impact on the law of supply and demand.