For a Typical Product, a Decrease in Consumer Income Will

question 91

Multiple Choice

For a typical product, a decrease in consumer income will cause the market demand for the product to

• A) decrease, which is a shift to the left of the demand curve.
• B) decrease, which is a shift to the right of the demand curve.
• C) increase, which is a shift to the left of the demand curve.
• D) increase, which is a shift to the right of the demand curve.

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Definitions:

Fixation

An obsessive interest or feeling towards a person or idea, or in psychoanalytic theory, a failure to progress beyond a developmental stage.

Oedipus Complex

A psychoanalytic concept that describes a child's feelings of desire for the opposite-sex parent and jealousy and rivalry with the same-sex parent.

Psychosexual Stage

Stages in Freudian psychoanalysis that map out the development of personality and sexual orientation from childhood through adulthood.

Unconscious Sexual Feelings

Sexual desires or thoughts that are not consciously acknowledged but influence behaviors and emotions.