Of the Following, Which Is the Best Example of Good

question 187

Multiple Choice

Of the following, which is the best example of good with a perfectly inelastic demand?

• A)the demand for tickets in New York City when the Mets or Yankees are in the World Series
• B)the demand for gasoline
• C)a diabetic's demand for insulin
• D)the demand for a college education by a student who has a full scholarship to an Ivy League school

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Definitions:

Psychosexual Stages

Freud's theory on the stages of psychological development in childhood, each associated with a different erogenous zone.

Anal Stage

In psychoanalytic theory, the stage of psychosexual development, from about 18 months to 3 or 4 years of age, in which the physical focus of the libido is located in the anus and associated eliminative organs.

Phallic

Relating to or resembling a phallus, often used in Freudian psychology to describe the developmental stage focusing on the genitals.

Oral

Referring to the initial stage of Freudian psychosexual development, during which the mouth is the primary source of pleasure and exploration.