You are a management consultant for a 30-year old partner in a large law firm. in a meeting, your client says: "according to an article in the new york times, 57 percent of large law firms have a mandatory retirement age for partners in the firm. before they retire, partners are paid directly for the work that they do, and, as owners, they are entitled to a share of the profits of the firm. once they retire, partners do not receive either form of compensation. in light of this, i think we should eliminate mandatory retirement in order to gain a ‘competitive advantage’ in attracting high-quality lawyers to work for our firm. of course, you are the expert."

1. demand terminology complete the following table by selecting the term that matches each definition. definition quantity demanded demand curve demand schedule law of demand a graphical object showing the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices the amount of a good that buyers are willing and able to purchase at a given price a table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices the claim that, with other things being equal, the quantity demanded of a good falls when the price of that good rises apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology. your coworker becky is really concerned about a project that she has just been assigned. she is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report. if becky's boss is interested in a graphical representation of the relationship between the pric