Figure: Demand Curve 
Refer to the figure.What is the maximum amount that buyers are willing and able to pay at a price of $45 per book?
Definitions:
Defense Mechanism
Psychological strategies used unconsciously by individuals to protect themselves from anxiety and to manage emotional conflict and internal or external stressors.
Repression
A defense mechanism in psychoanalytic theory where unpleasant thoughts, memories, or desires are excluded from conscious awareness.
Psychosexual Stage
A concept in Freudian psychology referring to the series of developmental stages children go through, where each stage is characterized by the erogenous zone that is the source of a child's psychosexual energy.
Latency Stage
A phase in Freudian psychosexual development occurring from age six to puberty, characterized by a decrease in sexual interest and activity.
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