Which of the Following Is True Regarding Demand

question 16

Multiple Choice

Which of the following is true regarding demand?
i.Demand is the relationship between quantity demanded and the price of a good when all other influences on buying plans remain the same.
ii.Demand refers to one quantity at one time.
iii."Demand" and "quantity demanded" are the same thing.

• A) i only
• B) ii only
• C) both i and ii
• D) iii only
• E) both ii and iii

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Definitions:

Contribution

The effort or impact an individual or group provides towards achieving the objectives of an organization.

Equity Theory

A theory of motivation that suggests employees are motivated to achieve a balance between their inputs and outputs in the workplace, comparing themselves to others in similar situations.

Psychological Contract

The unwritten, informal commitments and expectations between an employer and an employee, beyond the formal employment contract.

Procedural Justice

The fairness of the processes that lead to outcomes or decisions, particularly in the context of legal or organizational settings.