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A dog has been classically conditioned to salivate to the sound of a bell. A lab worker continuously rings the bell but never presents any more meat after ringing the bell. What is likely to happen to the dog's salivation response?
Net Increase
The difference resulting from the amount by which something grows or goes up less any decreases.
Units of X
A measure or quantity of a specific good or product, referred to as 'X' in an economic or mathematical context.
Consumer's Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually pay.
Excess Demand
A situation where the quantity demanded of a good exceeds the quantity supplied at the current price.
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