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(Table: Competitive Market for Good Z) Look at the table Competitive Market for Good Z.If the demand curve for good Z is linear, it can be expressed as:
A.Qd = 3P.
B.Qd = 50 - 2P.
C.Qd = Qs.
D.Qd = 100 - 2P.
Biological Needs
Basic physiological requirements essential for maintaining life and health, such as food, water, air, and shelter.
Homeostasis
The ability of an organism or environment to maintain stability in response to changes.
Self-actualization
A concept in psychology representing the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.
Drive Theorists
Psychologists who suggest that behavior is motivated by the desire to reduce internal tension caused by unmet biological needs.
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