In 2014, the Price of Peanuts Was Rising, Which Led

question 261

Multiple Choice

In 2014, the price of peanuts was rising, which led peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. In the current market for peanut butter, the price rises and the quantity increases. This set of results means that

• A) demand increased by more than supply decreased.
• B) supply decreased by more than demand increased.
• C) demand increased by more than supply increased.
• D) supply decreased by more than demand decreased.

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Definitions:

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs, influenced by factors such as recognition, rewards, and work environment.

Herzberg's Motivator-Hygiene Model

A theory suggesting that job satisfaction and dissatisfaction arise from two different sets of factors: motivators that enrich an individual's job and hygiene factors that must be present to avoid dissatisfaction.

Hygiene Factors

Elements related to job environment such as salary, company policies, and working conditions, that can lead to dissatisfaction if not adequately addressed.

Job Characteristics Model

A theory that proposes that the nature of one's job or the characteristics of the task one undertakes can play a role in influencing job satisfaction and job performance.