What Is the Impact of a Technological Advance in the Production

question 124

Multiple Choice

What is the impact of a technological advance in the production of smart phones

• A)increase consumer surplus in the market for smart phones but decrease producer surplus in the market for software apps
• B)increase consumer surplus in the market for smart phones and increase producer surplus in the market for software apps
• C)decrease consumer surplus in the market for smart phones but increase producer surplus in the market for software apps
• D)decrease consumer surplus in the market for smart phones and decrease producer surplus in the market for software apps

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Definitions:

Systematic Desensitization

A therapeutic technique used to treat phobias and anxiety disorders by gradually exposing the patient to the feared object or situation in a controlled manner.

Relax

To become less tense or anxious, or to make something less taut or firm, often in the context of stress relief or leisure activities.

Imagine

The ability to form new images and sensations in the mind that are not perceived through the five senses.

Extinction

In psychology, the gradual weakening and eventual disappearance of a conditioned response when the reinforcement is no longer presented.