The Demand for a Necessity Generally Is

question 49

Multiple Choice

The demand for a necessity generally is

• A) very elastic.
• B) infinitely elastic.
• C) unaffected by income.
• D) inelastic.
• E) unit elastic.

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Definitions:

Hope

A feeling of expectation and desire for certain things to happen, often seen as a motivator in personal and professional growth.

Expectancy Theory

A motivation theory that suggests that individuals are motivated to perform if they believe their efforts will lead to favorable outcomes.

Motivational Problems

Challenges or hindrances that affect an individual’s drive to take action or achieve goals.

Cultural Differences

Variations in the practices, traditions, values, and beliefs among different cultures.