All of the Following Except One Will Cause the Demand

question 116

Multiple Choice

All of the following except one will cause the demand for a normal product to decrease.Which is the exception?

• A)The expectation by consumers that the future price will be higher.
• B)The fear of consumers of a future recession.
• C)An increase in the price of a complementary product.
• D)A decrease in the price of a substitute product.
• E)A decrease in consumer incomes.

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Definitions:

Job Characteristics Model

A framework that proposes that certain job characteristics (skill variety, task identity, task significance, autonomy, and feedback) influence job outcomes through their impact on three critical psychological states.

Empowerment

Enabling individuals or groups to have the confidence and resources to make decisions and implement changes in their work or community.

Expectancy Model

A psychological theory suggesting that people are motivated to act in certain ways based on their expectations of the outcome and the value they place on that outcome.

Perceived Relationship

The subjective interpretation or understanding an individual has of their relationship with others, which may not align with reality.