Use the Following to Answer Question

question 25

Multiple Choice

Use the following to answer question:
-(Figure: Demand and Supply of Gasoline) Use Figure: Demand and Supply of Gasoline.When the supply curve shifted from the initial equilibrium,the new intersection of supply and demand has a price of _____ and quantity of 400.This supply shift could have resulted from _____.

• A)$1.50;an increase in consumers' income
• B)$1.50;an improvement in refining technology
• C)$2.00;an increase in the number of buyers
• D)$2.00;an increase in consumers' income

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Definitions:

Job Satisfaction

The level of contentment or happiness that individuals feel about their job, including aspects like work environment, duties, and compensation.

Equity

The concept of fairness or justice in the way people are treated, often related to issues of compensation, rights, and resources.

Affective Events Theory

A psychological model that explains how workplace events influence employees' emotions and subsequently their job performance and satisfaction.

Experiencing Unfairness

Experiencing Unfairness denotes situations or feelings where individuals believe they have been treated inequitably, leading to dissatisfaction and possible conflict.