The Demand for a Good or Service Is Determined by

question 8

Multiple Choice

The demand for a good or service is determined by

• A)those who buy the good or service.
• B)the government.
• C)those who sell the good or service.
• D)both those who buy and those who sell the good or service.

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Definitions:

Referent Power

A type of influence based on the charisma or likability of the leader, leading others to identify with them.

Desired Rewards

The benefits or compensations that individuals aim to receive in response to their actions or achievements.

Punishments

Consequences applied to decrease the likelihood of a behavior’s recurrence, often used as a form of discipline or control.

Operative

A worker, especially skilled in manual, technical, or administrative tasks, often within an organization or operation.