Two Needs in E

question 56

Short Answer

Two needs in E. R.G. theory are ______________ and ______________.

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Definitions:

Line Segment

A portion of a line that is defined by two endpoints.

Buyers' Value

The maximum amount a buyer is willing to pay for a good or service.

Price Comparison

The process of analyzing and evaluating the prices of similar goods or services across different suppliers or stores.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, indicating the economic benefit to consumers.