Suppose That Technological Breakthroughs Make Jet Packs Affordable, Convenient, and Safe

question 122

Multiple Choice

Suppose that technological breakthroughs make jet packs affordable, convenient, and safe for personal transportation. The demand for automobiles would become _____ the consumer surplus from automobiles.

• A) more price elastic, decreasing
• B) more price inelastic, increasing
• C) more price inelastic, decreasing
• D) perfectly inelastic, increasing

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Definitions:

Psychoanalysis

A therapeutic approach that focuses on exploring unconscious conflicts and motivations to treat psychological disorders.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Unconscious

The part of the mind that contains thoughts, memories, and desires beyond conscious awareness, influencing feelings and behavior.

Humanistic Therapy

A form of psychotherapy that focuses on the client’s subjective, conscious experience in the “here and now”.