A Normal Good Would Have a Positive Price-Elasticity of Demand

question 248

True/False

A normal good would have a positive price-elasticity of demand.

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Definitions:

Ego

Part of Sigmund Freud's model of the psyche, the ego represents the realistic part that mediates between the desires of the id, the demands of the environment, and the moral standards of the superego.

Superego

A component of Sigmund Freud's psychoanalytic theory representing the ethical or moral self, which contains societal standards, ideals, and prohibitions.

Defence Mechanism

Psychological strategies employed by the unconscious mind to protect itself from anxiety by distorting reality.

Sublimation

A defense mechanism proposed by Freud in which socially unacceptable impulses or idealizations are transformed into socially acceptable actions or behavior.