Assume the Demand for Product Y Increases and the Subsequent

question 87

Multiple Choice

Assume the demand for product Y increases and the subsequent market system responses result in the production of more Y.This illustrates:

• A)that the concept of derived demand is inapplicable.
• B)that consumer sovereignty is inoperative in this economy.
• C)the scarcity function of prices.
• D)the directing or guiding function of prices.

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Definitions:

Defense Mechanism

Psychological strategies deployed by individuals unconsciously to protect themselves from anxiety arising from unacceptable thoughts or feelings.

Hostility

An intense form of anger or aggression often displayed through antagonistic behavior towards others.

Orally Fixated

Describes an individual's strong focus on oral stimuli, such as sucking or chewing, as a result of unresolved conflicts in early psychosexual development.

Passive Dependence

A behavioral condition where an individual relies excessively on others for emotional support, decision-making, or to meet their personal needs.