Match the Following

question 17

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Tiara wants to feel respect from others.

• A)Physiological needs
• B)Security needs
• C)Belongingness needs
• D)Esteem needs
• E)Self-actualization needs
• F)Power needs

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Definitions:

Product Price

refers to the amount of money required to purchase a specific good or service offered by a business.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Market Demand

The total demand for a product or service within a particular market, including all consumers' willingness and ability to purchase at various prices.

Purely Competitive Market

A market structure characterized by a large number of firms or sellers, each of which has a relatively small market share and sells a homogeneous product, with no single firm able to influence market price.