In a Market Where Supply and Demand Are Both Somewhat

question 69

Multiple Choice

In a market where supply and demand are both somewhat elastic,but demand is more elastic than supply,consumers will bear less of the burden of a tax because

• A) consumers have a greater ability to change their behavior in response to the tax than producers do.
• B) producers are more likely to be responsible for paying the tax out of pocket.
• C) both parties have equal ability to change their behavior in response to the tax.
• D) consumers will experience lower prices as a result of the tax.
• E) producers have a greater ability to change their behavior in response to the tax than consumers do.

Recognize the significance of job design and realistic job previews on employee performance and satisfaction.

Learn the various factors that contribute to job satisfaction and performance according to different motivational theories.

Identify the hierarchy of needs according to Abram Maslow and its application in the workplace.

Understand the two-factor theory by Frederick Herzberg and its implications for management.