Substitution of One Commodity for Another Depends on All of the Following

question 69

Multiple Choice

Substitution of one commodity for another depends on all of the following factors, EXCEPT:

• A)prices of the goods available to the consumers.
• B)tastes and preferences of the buyers.
• C)the information buyers possess.
• D)market protocols.

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Definitions:

Implicit Motives

Unconscious drives and desires that influence behavior and decision-making, often distinct from consciously stated goals or values.

Explicit Motives

Refers to motivations that are consciously recognized and can be verbally stated, influencing behaviors by one's self-aware goals.

Meaning In Life

Having a purpose and putting time and energy into attaining important goals.

Approach Motivation

A concept referring to the driving force that moves people toward desirable outcomes or goals.