If the Average Price of a Car Suddenly Changes from $15,000

question 107

Multiple Choice

If the average price of a car suddenly changes from $15,000 to $25,000, larger, more remote stores with lower prices are_____ to have a(n) _____in the number of customers.

• A)likely; decrease
• B)likely; increase
• C)not likely; change
• D)not likely; decrease

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Definitions:

Productivity

The efficiency with which goods and services are produced, often measured in terms of output per unit of input.

Reinforcement Theory

A psychological principle stating that the future frequency of a behavior is increased or decreased based on the consequences it produces.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by a hierarchy of needs starting from basic physiological needs to self-actualization.

Needs

Needs are basic or essential requirements that individuals must have met in order to live, work effectively, and achieve well-being, including physical, social, and psychological necessities.