You Pay $60 at a Mall Video Game Store for a Computer

question 118

Multiple Choice

You pay $60 at a mall video game store for a computer game that you have been dying to play.Three months later,while at the same mall video game store,you see the same game for $20.What is this an example of?

• A)economies of scale
• B)price elasticity of income
• C)direct price discrimination
• D)indirect price discrimination

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Definitions:

Alderfer's ERG Theory

A theory in psychology that categorizes human needs into three categories: Existence, Relatedness, and Growth, positing that these needs can influence people's behavior.

Herzberg's Two-Factor Theory

A motivational theory that suggests job satisfaction and dissatisfaction arise from two different sets of factors – hygiene factors and motivators.

McClelland's Acquired Needs Theory

A motivational theory suggesting that individuals are driven by three primary needs: achievement, affiliation, and power, which are acquired over time.

Maslow's Love/Belongingness

A concept from Maslow's hierarchy of needs that emphasizes the human need for interpersonal relationships, feeling loved, and belonging to a group.