All of the Following Except One Will Cause the Demand

question 149

Multiple Choice

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

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

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Definitions:

Socialization

The process by which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their social position.

PJ Fit

The compatibility between an individual's personality and job, which can influence job satisfaction and performance.

PO Fit

Person-Organization Fit; the compatibility between an employee and their workplace, affecting their satisfaction and productivity.

Socialization Sequence

The stages through which individuals acclimate to and absorb the norms and behaviors required in a new social or work environment.