Equity Theory Says That If You Are in a Relationship

question 108

Multiple Choice

Equity theory says that if you are in a relationship with someone who is contributing more and benefiting less than you are,you are likely to feel:

• A)exploited.
• B)contented.
• C)guilty.
• D)irritable.

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Definitions:

Price-Elasticity Of Demand

An indicator gauging the change in demand for an item in response to price fluctuations.

Law Of Demand

The principle that there is an inverse relationship between the price of a good or service and the quantity of it that consumers are willing to purchase.

Price Elasticity

A parameter that indicates the extent to which demand for a good is influenced by its price changes.

Demand Schedule

A table showing the quantity of a good or service that consumers are willing to buy at various prices.