Recall the Application About the Increase in Chinese Demand for Pecans

question 52

Multiple Choice

Recall the Application about the increase in Chinese demand for pecans to answer the following question(s) . Between 2006 and 2009, Chinese imports of U.S. pecans increased from 9 million pounds per year to 88 million pounds per year, and as a result of the increase in demand, the equilibrium price increased by about 50 percent. The increase in demand was caused in part by widespread reports in the Chinese media extolling the health benefits of pecans.
-Recall the Application. The equilibrium price of pecans increased because the demand curve shifted

• A) up and to the right.
• B) down and to the left.
• C) down and to the right.
• D) up and to the left.

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Definitions:

Projection

A defense mechanism in which individuals attribute their own unacceptable thoughts, feelings, or motives to another person.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety or unacceptable thoughts and feelings.

Repression

A defense mechanism where distressing thoughts, memories, or desires are kept out of conscious awareness.

Reaction Formation

A defense mechanism where an individual unconsciously replaces unacceptable or threatening inner wishes and fantasies with an exaggerated version of their opposite.