When Jamar Has an Income of $2,000, He Consumes 30

question 503

Multiple Choice

When Jamar has an income of $2,000, he consumes 30 units of good A and 50 units of good B. After Jamar's income decreases to $1,500, he consumes 33 units of good A and 45 units of good B. Which of the following statements is correct?

• A)Both goods A and B are normal goods.
• B)Both goods A and B are inferior goods.
• C)Good A is a normal good, and good B is an inferior good.
• D)Good A is an inferior good, and good B is a normal good.

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Definitions:

Intrapsychic Conflicts

Internal struggles arising from opposing desires, drives, or aspects of the self within an individual's mind, often central in psychoanalytic theory.

Conflict-free Spheres

Areas or aspects of life where an individual experiences minimal or no conflict, often contributing to psychological well-being.

Pleasure Seeking Libido

In Freudian psychoanalysis, the drive or urge for obtaining pleasure, primarily through satisfying biological and sexual needs.

Attachment History

An individual's record of emotional bonds and relationships from early life onwards, influencing their interpersonal dynamics and emotional responses in adulthood.