Carrying and Using a High-End Credit Card Like an American

question 107

Multiple Choice

Carrying and using a high-end credit card like an American Express Platinum Card would satisfy needs at what level in the Maslow hierarchy of needs?

• A) physiological
• B) safety
• C) social
• D) personal
• E) self-actualization

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Definitions:

Equilibrium Quantity

The amount of products or services available that matches the amount consumers are willing to buy at the equilibrium price in the market.

Equilibrium Point

Point at which quantity demanded equals quantity supplied; where demand and supply curves cross.

Equilibrium Price

The cost at which the amount of a product supplied matches the amount of the product desired.

Equilibrium Quantity

The supply of goods or services meets the demand at the market's equilibrium price.