Figure 5-4 -Refer to Figure 5-4.Assume,for the Good in Question,two Specific Points

question 154

Multiple Choice

Figure 5-4
-Refer to Figure 5-4.Assume,for the good in question,two specific points on the demand curve are (Q = 2,000,P = $15) and (Q = 2,400,P = $12) .Then which of the following scenarios is possible?

• A) Both of these points lie on section C of the demand curve.
• B) The vertical intercept of the demand curve is the point (Q = 0,P = $22).
• C) The horizontal intercept of the demand curve is the point (Q = 5,000,P = $0).
• D) Any of these scenarios is possible.

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Techniques and strategies used to inspire employees to perform well and achieve their goals.

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The process of inspiring staff to perform at their best through various incentives and workplace practices.

Existence Needs

Basic human necessities including physiological and safety needs such as food, water, shelter, and security.

Physiological Needs

Basic physical requirements including air, water, food, shelter, and sleep, considered the first level of needs in Maslow's hierarchy.