If the Price of a Good Falls,then in the New

question 113

Multiple Choice

If the price of a good falls,then in the new consumer equilibrium

• A)the marginal utility from consuming the good will be higher than before.
• B)the quantity of the good consumed decreases.
• C)the quantity of substitutes consumed increases.
• D)the marginal utility from substitutes will be lower than before the fall in price.
• E)none of the above

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Definitions:

Autonomy Support

is a management approach that involves understanding and encouraging employees’ self-initiated actions, promoting a sense of freedom and choice in their work.

Personal Initiative

The self-starting and proactive action that an individual takes to go beyond the basic requirements and bring about positive change.

Intrinsic Motivation

The drive to engage in activities for their own sake, deriving pleasure and satisfaction from the activities themselves rather than external rewards.

Basic Psychological Needs

Essential motivational drives related to autonomy, competence, and relatedness, which humans need to foster well-being and growth.