Select the Phrase That Correctly Completes the Following Statement

question 181

Multiple Choice

Select the phrase that correctly completes the following statement."A decrease in the expected future price caused an increase in the supply of smartphones.As a result,

• A)the price of smartphones decreased and the demand for smartphones increased."
• B)the equilibrium quantity of smartphones decreased."
• C)the price of smartphones decreased and the quantity demanded of smartphones increased."
• D)the price of smartphones decreased.The lower price caused the supply of smartphones to decrease."

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Definitions:

Oedipus Complex

A psychoanalytic theory describing a child's feelings of desire for the opposite-sex parent and jealousy towards the same-sex parent.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts or feelings to others.

Maslow

Refers to Abraham Maslow, an American psychologist known for creating Maslow's hierarchy of needs, a theory in psychology proposing that certain human needs must be fulfilled before others.

Rogers

Refers to Carl Rogers, an influential American psychologist who founded the client-centered therapy approach and greatly contributed to humanistic psychology.