Recall the Application About the Harmattan and How It Affects

question 55

Multiple Choice

Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s) .
-According to this Application, the recent result of the harmattan was to ________ the equilibrium price and ________ the equilibrium quantity of cocoa.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease

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Definitions:

Performance-Contingent Basis

A compensation or reward system where the payout or reward level depends on the achievement of specific performance targets or metrics.

Expectancy Theory of Motivation

A psychological theory suggesting that an individual's motivation is influenced by their expectation of achieving desirable outcomes through their actions.

Instrumentality

A person’s belief that various outcomes will occur as a result of task performance.

Expectancy Theory of Motivation

A theory suggesting that individuals are motivated to act in a certain way based on their expectation that their actions will lead to their desired outcome.