Creating a Market That Was Previously Missing

question 89

Multiple Choice

Creating a market that was previously missing:

• A) redistributes surplus from buyer to seller.
• B) creates more total surplus.
• C) redistributes surplus from seller to buyer.
• D) redistributes surplus from a pre-existing market to the one that was previously missing.

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Definitions:

Consistent Tendency

A pattern of behavior or thought that is regularly observed in an individual or process over time, indicating a predictable way of responding.

Behavioral Tendency

A predisposition to act or react in a certain manner, often learned from past experiences or shaped by psychological factors.

Self-actualization

The achievement or actualization of one's abilities and capacities, seen as an inherent motivation or necessity in all individuals.

Maslow

A rephrased definition: Psychologist Abraham Maslow, known for formulating the Hierarchy of Needs theory that describes human motivation through various stages of needs.