A Good with a Horizontal Demand Curve Has a Demand

question 61

Multiple Choice

A good with a horizontal demand curve has a demand

• A) with an income elasticity of demand equal to 0.
• B) with a price elasticity of demand equal to 0.
• C) with a price elasticity of demand equal to infinity.
• D) for which there are no substitutes.

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Definitions:

Reinforcement

In behavioral psychology, a process that increases the likelihood of a behavior by applying a stimulus after the behavior occurs.

Bobo Doll Studies

A series of experiments conducted by Albert Bandura that demonstrated that children could learn aggressive behaviors through the observation of adult models.

Aggressive

Behavior characterized by assertiveness, hostility, and possibly harm towards others, stemming from various motivational or environmental factors.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, coined by B.F. Skinner.