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Use the following to answer question: Use the following to answer question:   -(Figure: Supply,Demand,and Equilibrium)Use Figure: Supply,Demand,and Equilibrium.In the figure,there will be excess demand for the good at a price of P<sub>3</sub>.
-(Figure: Supply,Demand,and Equilibrium)Use Figure: Supply,Demand,and Equilibrium.In the figure,there will be excess demand for the good at a price of P3.


Definitions:

Ego

In psychoanalytic theory, the part of the personality responsible for dealing with reality by mediating between the id, superego, and the external world.

Displacement

in psychology, is a defense mechanism where a person redirects a negative emotion from its original source to a less threatening recipient.

Defense Mechanism

A psychological strategy unconsciously used by individuals to protect themselves from anxiety or to avoid facing uncomfortable truths.

Projection

A defense mechanism where individuals attribute their own unacceptable thoughts, feelings, or motives to another person.

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