A Market Demand Curve

question 54

Multiple Choice

A market demand curve

• A) shifts as the price falls.
• B) slopes upward from left to right.
• C) is unaffected by changes in consumers' tastes and incomes.
• D) measures the rate of growth of per capita output.
• E) shows the amount buyers would like to purchase at various prices.

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Definitions:

Expectancy

A person's belief about the likelihood of achieving success in a specific situation, often influencing motivation and behavior.

Instrumentality

The belief or expectation that performing a certain behavior will lead to a particular outcome or reward.

Psychological Needs

Fundamental emotional or cognitive requirements for well-being and effective functioning, such as autonomy, competence, and relatedness.

Autonomous Motivation

The drive to perform an activity for its inherent satisfaction or enjoyment, rather than external pressures or rewards.