Suppose the Demand for Good X Is Given by Q^d_x

question 125

Multiple Choice

Suppose the demand for good X is given by Q^d_x = 10 + a_xP_x + a_yP_y + a_MM.If a_M is negative,then good y is:

• A) a normal good.
• B) an inferior good.
• C) a complement.
• D) a substitute.

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Definitions:

Freud

Refers to Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Sarcastic Manner

A form of verbal irony that involves saying something in a way that means the opposite, often for humorous or emphatic effect.

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety or guilt by denying or distorting reality.

Rationalization

A psychological strategy where disputable actions or emotions are rationalized in an ostensibly logical way to evade acknowledging their real reasons.