Based on McClelland’s Learned Needs Theory, Siddiqi is
likely to be motivated by the need of power. Need of power when high has a
desire of controlling everything and exaggerates their own resources and
position, whereas in low level, it is likely to minimize one’s position and
resources.
Answer: (a) -0.1412
(b) 0.4941
Explanation:
Q = 11 - 2P + 3Ps
Where,
P - price of the product
Ps - price of a substitute good
Ps = $2.80
P = $1.20





= 
= -0.1412

= 
= 0.4941
Do you have answer choices
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