An Increase in Both the Equilibrium Price and Quantity Can

question 4

Multiple Choice

An increase in both the equilibrium price and quantity can be the result of

• A) a decrease in supply.
• B) a decrease in demand.
• C) an increase in supply.
• D) an increase in demand.
• E) None of the above answers is correct.

---

Definitions:

Positive Punishment

Adding an undesirable stimulus to decrease a behavior.

Negative Punishment

A behavior modification technique involving the removal of a desirable stimulus to decrease the probability of an undesirable behavior being repeated.

Negative Reinforcement

A process that strengthens a behavior by removing or reducing an undesirable outcome when the behavior is performed.

Positive Reinforcement

The process of increasing the likelihood of a behavior by following it with the addition of a pleasurable stimulus or reward.