Suppose Consumer Tastes and Preferences Shift from Pizza to Tacos

question 100

Multiple Choice

Suppose consumer tastes and preferences shift from pizza to tacos. In the short run case, these changing tastes will result in pizza restaurants ________ pizza prices and taco restaurants ________ taco prices.

• A) increasing; decreasing
• B) decreasing; increasing
• C) decreasing; decreasing
• D) increasing; increasing

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Definitions:

Repetitive Tasks

Activities or jobs that involve the same series of actions being performed over and over again, often leading to boredom or physical strain.

Worker Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs.

Self-efficacy

Describes an individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Expectation

A belief or anticipation about the way events, behaviors, or processes should unfold.