According to Psychologist Abraham Maslow, the Basic Level of Human

question 19

Multiple Choice

According to psychologist Abraham Maslow, the basic level of human needs includes all of the following EXCEPT ________.

• A)physiological needs.
• B)need for food.
• C)need for love.
• D)need for clothing.
• E)need for shelter.

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Definitions:

Decrease In Demand

A downward shift in the demand curve for a product, indicating that consumers now desire less of the product at each price level.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given point in time, often depicted as a point on a demand curve.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or resource, usually to protect consumers.

Price Floor

A government or regulatory minimum price that must be paid for a good or service, intended to prevent prices from falling too low.