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A straight-line demand curve has an elasticity that becomes smaller as we move from left to right along the schedule.
Phobia
An extreme or irrational fear or aversion to something, often resulting in avoidance behavior and distress.
Systematic Desensitization
A therapeutic technique used to help individuals overcome phobias and anxiety, involving gradual exposure to the feared object or situation.
Phobia Development
The process through which an irrational and intense fear of a specific object, scenario, or activity is formed, often resulting from a negative experience or predisposition.
Watson's Hypothesis
A theory suggesting that all human behaviors can be conditioned, put forward by John B. Watson, a pioneer in behaviorism.
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