Apple, the Consumer Electronics Giant, on Tuesday Rolled Out New

question 123

Multiple Choice

Apple, the consumer electronics giant, on Tuesday rolled out new versions of its popular iPad tablet. Suppose when the price of an iPad decreases by 20 percent, the number of songs downloaded on iTunes increases by 30 percent. Based on this information iTunes are

• A) a normal good.
• B) an inferior good.
• C) substitutes for iPads.
• D) complements to iPads.

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Definitions:

Resistance

The refusal to accept or comply with something; the attempt to prevent something by action or argument.

Terrible Experience

An event or situation that is extremely distressing, traumatic, or horrifying to an individual.

Defense Mechanism

A collective term for a number of reactions that try to ward off or lessen anxiety by various unconscious means.

Id

In Freudian psychoanalysis, the part of the mind that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.