A Technological Improvement Lowers the Cost of Producing Coffee

question 109

Multiple Choice

A technological improvement lowers the cost of producing coffee. At the same time, consumers' preferences for coffee increase. The equilibrium price of coffee will

• A) rise.
• B) fall.
• C) remain the same.
• D) rise, fall, or stay the same, depending on the relative size of the shifts in the demand and supply curves.

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Definitions:

Hygiene Factors

Elements related to the work environment, such as salary, company policies, and working conditions, that don't inherently motivate but can cause dissatisfaction if inadequate.

Job Satisfaction

The level of fulfillment or contentment one experiences with their job, including aspects like work environment, job duties, and compensation.

Job Dissatisfaction

A negative emotional state resulting from a mismatch between job expectations and the actual realities of the job, often leading to decreased motivation and performance.

Encouraging Eustress

A positive form of stress that motivates and enhances one's ability to cope with life situations.