Which of the Following Lists the Hierarchy of Needs in Its

question 72

Multiple Choice

Which of the following lists the hierarchy of needs in its correct order beginning with the most basic?

• A)personal, social, physiological, psychological, and safety
• B)physiological, safety, social, personal, and self-actualization
• C)safety, physiological, safety, and self-actualization, and personal
• D)self-actualization, social, personal, safety, and physiological

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Definitions:

Inelastic

A description of a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.

Price Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price, indicating the sensitivity of demand or supply to price changes.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price, holding all other factors constant.

Inelastic

Refers to a scenario in which a change in price leads to a comparatively small change in the quantity demanded or supplied.