When we derive the demand curve for a good, we should remember that the a. substitution effect must be greater than the income effect. b. income effect and the substitution effect may work in the same or in opposite directions?

Which of the following best explains why large companies pay less for goods from wholesalers? a. large companies are able to pay for the goods they purchase in cash. b. large companies are able to increase the efficiency of wholesale production. c. large companies can buy all or most of a wholesaler's stock. d. large companies have better-paid employees who are better negotiators.