Figure: Consumer Surplus I

question 77

Essay

Figure: Consumer Surplus I
(Figure: Consumer Surplus I) Look at the figure Consumer Surplus I.If the price rises from P₁ to P₂, consumer surplus decreases by the area:
A.ABP₂.
B.AFP₁.
C.BGF.
D.P₁P₂BF.

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Definitions:

Motivates Employees

The process or actions taken to inspire and encourage workers to achieve their best performance and meet organizational goals.

Two-Factor Theory

A psychological theory proposed by Herzberg that suggests employee motivation is influenced by two factors: hygiene factors that can cause dissatisfaction and motivators that can create job satisfaction.

Satisfier

A factor that contributes to satisfaction, often used in the context of job satisfaction and employee motivation.

Maslow's Needs

A hierarchy of human needs proposed by Abraham Maslow, ranging from basic physiological needs to self-actualization.