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Mary is deciding whether or not to ask Ping out on a date.She considers the pros and cons of dating Ping, and realizes that the pros outweigh the cons much more with Ping than they did with her previous relationship partners.She decides to ask Ping out.What standard did Mary use to make this decision?
Motivation-Hygiene Theory
A theory by Frederick Herzberg that suggests job satisfaction and dissatisfaction arise from two different sets of factors - motivation factors and hygiene factors.
Maslow's Hierarchy
A theory in psychology proposed by Abraham Maslow, which outlines a hierarchy of human needs from basic physiological needs to self-actualization.
Price Elastic
The degree to which the demand for a product changes in response to a change in its price.
Price Inelastic
Characterizes a situation where the demand for a good or service does not significantly change with a change in its price.
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