Every Week, Jade Spends Her Allowance on ½ Pound of Sour

question 180

Multiple Choice

Every week, Jade spends her allowance on ½ pound of sour lemon gummy candies even though they always make her mouth water. One day, as she is walking down the street, Jade sees a girl carrying a little white bag that looks like a candy shop bag! Jade notices that her mouth is puckering and overflowing with saliva. In this example, the unconditioned stimulus is the:

• A) little white bag.
• B) allowance money.
• C) puckering and saliva.
• D) sour lemon gummy candy.

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Definitions:

Perfect Competition

A market structure characterized by a large number of small firms, homogenous products, perfect information, and no barriers to entry or exit, leading to price-taking behavior.

Demand Curves

Graphical representations showing the relationship between the price of a good or service and the quantity of that good or service that consumers are willing and able to purchase at different prices.

Marginal Revenue Curves

Graphical representations that show how marginal revenue varies as output level changes, used by firms to determine the most profitable level of production.

Price Discrimination

A pricing approach where a single provider charges different prices for essentially the same products or services in different markets.