Differentiate Between a Change in Supply and a Change in Quantity

question 179

Short Answer

Differentiate between a change in supply and a change in quantity supplied.

---

Definitions:

Valence

The intrinsic attractiveness or aversiveness of an event, object, or situation.

Alderfer's ERG Theory

A motivational theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, suggesting that more than one need may motivate at the same time.

Motivated

A state of being driven or inspired to achieve something.

Demotivated

A state of reduced motivation, often characterized by a lack of enthusiasm or interest in tasks.