If There Is an Increase in Market Demand in a Perfectly

question 255

Multiple Choice

If there is an increase in market demand in a perfectly competitive market, then in the short run prices will

• A)rise.
• B)remain unchanged at the minimum of average total cost.
• C)fall.
• D)remain unchanged at the minimum of marginal cost.

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Definitions:

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety arising from unacceptable thoughts or feelings.

Repression

In psychoanalytic theory, the process of unconsciously excluding thoughts, feelings, or desires from consciousness, often because they are considered unacceptable.

Conscious Awareness

The state of being mentally alert and having an active awareness of thoughts, feelings, sensations, and surroundings.

Oedipus Complex

An idea in the realm of psychoanalytic theory that denotes an unconscious sexual longing a child feels for their parent of the opposite sex, alongside feelings of jealousy towards their parent of the same sex.