Technological Advances Have Resulted in Lower Prices for Digital Cameras

question 100

Multiple Choice

Technological advances have resulted in lower prices for digital cameras.What is the impact of this on the market for traditional (non-digital) cameras?

• A)The demand curve for traditional cameras shifts to the right.
• B)The supply curve for traditional cameras shifts to the right.
• C)The demand curve for traditional cameras shifts to the left.
• D)The supply curve for traditional cameras shifts to the left.

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Definitions:

Oedipus Complex

A concept in psychoanalytic theory referring to a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Genital Stage

A phase in Freud's psychosexual development theory occurring in puberty, where sexual interests mature and focus on genital organs.

Sublimation

A defense mechanism proposed by psychoanalytic theory where socially unacceptable impulses or idealizations are transformed into socially acceptable actions or behavior.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety or social sanctions.