Suppose That the Price of Gasoline Increases

question 83

Multiple Choice

Suppose that the price of gasoline increases.One would expect that the

• A) demand for gasoline to decrease.
• B) demand for sport utility vehicles to decrease.
• C) demand for sport utility vehicles to increase.
• D) quantity of gasoline demanded to increase.
• E) quantity of sport utility vehicles demanded to increase.

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Definitions:

Defense Mechanism

Psychological strategies brought into play by individuals, groups, or even nations to cope with reality and to maintain self-image.

Sublimation

In psychology, it refers to a defense mechanism where socially unacceptable impulses or idealizations are unconsciously transformed into socially acceptable actions or behavior.

Unacceptable Sexual Impulses

Sexual desires or thoughts that are considered inappropriate or morally wrong by societal standards or personal values.

Collective Unconscious

A term coined by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.