According to Maslow's Hierarchy of Needs, the Needs That Become

question 317

Multiple Choice

According to Maslow's hierarchy of needs, the needs that become activated after our esteem needs have been met are:

• A)physiological needs
• B)self-actualization needs
• C)safety needs
• D)love and belongingness needs

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Definitions:

Price Elasticity

A measure of how the quantity demanded of a good or service changes in response to changes in its price.

Demand for Artichokes

The desire or need expressed by consumers to purchase and consume artichokes, influenced by factors such as price, income, and taste preferences.

Inelastic Demand

A situation where the demand for a good or service does not significantly change in response to price changes.

Total Expenditures

The overall amount spent on goods and services.