Figure: 13-5a -Figure 13-5a Shows That When the Quantity Demanded Moves from Demanded

question 10

Multiple Choice

Figure: 13-5a
-Figure 13-5a shows that when the quantity demanded moves from 3.0 to 4.5 million units,the profit

• A)increases from $1.50 to $2.00 per unit.
• B)decreases from $2.00 to $1.50 per unit.
• C)stays the same per unit.
• D)Figure 13-5a does not indicate what happens to profit when the quantity demanded moves.

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Definitions:

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.

Activated Needs

Activated needs are desires or requirements that have been triggered by internal or external stimuli, prompting individuals to take action.

Acquired Needs Theory

A psychological theory suggesting that individuals acquire certain needs through their life experiences, such as the needs for achievement, affiliation, and power, which influence their motivation and behavior.

Need For Achievement

A motivational drive that pushes individuals to reach success, excel in their endeavors, and overcome challenges through personal effort.