Which of the Following Statements Is True

question 5

Multiple Choice

Which of the following statements is true?

• A) Price volatility can make budgetary planning for households and ?rms very di?cult.
• B) An increase in supply when demand is inelastic will cause an increase in price.
• C) The price volatility of consumer products tends to be higher than price volatility in agricultural produce.
• D) When supply is elastic an increase in demand drives prices higher than when supply is

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Definitions:

Hygiene Factors

Elements related to job conditions that can lead to dissatisfaction if absent, but do not necessarily motivate employees when present, as per Herzberg's Two-Factor Theory.

Job Dissatisfaction

The feeling of unhappiness or discontent with one's job, stemming from various factors such as working conditions, pay, or lack of fulfillment.

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.

Activated Needs

Activated needs are desires or requirements that have been triggered by internal or external stimuli, prompting individuals to take action.