A 20 Percent Increase in the Price of Sugar Reduces

question 10

Multiple Choice

A 20 percent increase in the price of sugar reduces sugar consumption by about 10 percent. Such a price increase causes households to

• A) spend less on sugar.
• B) spend more on sugar.
• C) spend the same amount on sugar as before.
• D) consume more goods like coffee and tea, which are sugar complements.

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Definitions:

Achievement Motivation

Achievement motivation is a drive to excel, achieve in relation to a set of standards, or succeed in competitive situations.

Henry Murray

An American psychologist who developed theories of personality, needs, and motivation, and co-developed the Thematic Apperception Test (TAT).

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Achievement Motivation

The motivation to set and strive towards personal achievement goals, reflecting a desire for success or the attainment of excellence.