According to the law of demand, there is an inverse or negative relationship between the price of the commodity and the quantity demanded for the commodity. So, if there is an increase in the price of good A then as a result this will lead to decrease the quantity demanded for good A and if there is a fall in the price of good A then as a result this will lead to increase the quantity demanded for good A.
The postconventional level is the level of understanding and acceptance of the general moral principles that inspire norms: rationally chosen principles weigh more than norms. It is made up of stage 5 and stage 6.
Stage 5: Priority rights and social contract
It is the stadium of openness to the world. It is recognized that in addition to the family, group and country itself, all human beings have the right to life and freedom, rights that are above all social institutions or conventions. Openness to the world leads, in the second place, to recognize the relativity of norms and values, but it is assumed that legitimate laws are only those obtained by consensus or social contract. Now, if a norm goes against life or liberty, the moral obligation of not accepting and confronting it is imposed.
Stage 6: Universal ethical principles
It is made aware that there are universal ethical principles that must be followed and have priority over conventional legal and institutional obligations. It works according to these principles because, as a rational being, validity has been captured and he feels committed to following them. In this stage the golden rule of morality prevails: "do to the other what I want for me". And you have the courage to face the laws that undermine universal ethical principles such as human dignity or equality. It is the supreme moral stage, that of Gandhi, of Martin Luther King and that of all people who live deeply in morality.
B. at the highest independent bid or the last reported sale price, whichever is higher
SEC Rule 10b-18 was issued to create a safe harbor that reduces a company's possible legal liabilities related to repurchasing their own stock. Companies can decide to follow it or not, but if they follow it, they must comply with specific requirements that depend on the company's size and trading activities. Even if companies follow all the requirements of this "safe harbor", all legal liabilities are not eliminated, instead some specific provisions will not be considered to have been violated by the company.