Other Things Equal, Which of the Following Might Shift the Demand

question 129

Multiple Choice

Other things equal, which of the following might shift the demand curve for gasoline to the left?

• A) the discovery of vast new oil reserves in Montana
• B) the development of a low-cost electric automobile
• C) an increase in the price of train and air transportation
• D) a large decline in the price of automobiles

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Definitions:

Need Achievement Theory

A psychological theory that explores motivation and focuses on how an individual's need for achievement influences their behavior and performance.

TAT

Thematic Apperception Test, a projective psychological test that involves creating stories about ambiguous scenes and images, used to uncover a person's underlying thoughts, motives, and feelings.

Achievement Motivation

A drive within individuals to set and accomplish goals, often fueled by a desire for success and recognition.

Achievement Situations

Contexts or scenarios in which an individual's performance is measured and evaluated against a standard or against others.