What Happens to Consumer Surplus in the IPod Market If

question 40

Multiple Choice

What happens to consumer surplus in the iPod market if iPods are normal goods and buyers of iPods experience an increase in income?

• A)Consumer surplus decreases.
• B)Consumer surplus remains unchanged.
• C)Consumer surplus increases.
• D)Consumer surplus may increase, decrease, or remain unchanged.

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Definitions:

Daniel Pink's Theory

A motivation concept arguing that autonomy, mastery, and purpose fuel individual performance better than traditional rewards.

Very Challenging Tasks

Tasks that are significantly demanding and require a high level of effort and skill to complete.

Mastery And Purpose

The intrinsic motivation that comes from the desire to develop competence in a specific area and pursue meaningful goals.

Empowerment

Providing individuals or groups with the authority, means, and confidence to make decisions and take actions that affect their work or life conditions.