Other Things Equal, What Happens When the Price of a Good

question 195

Multiple Choice

Other things equal, what happens when the price of a good rises?

• A) The quantity demanded of the good increases.
• B) The supply increases.
• C) The quantity supplied of the good rises.
• D) The demand curve shifts to the left.

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Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus.

Respondent Behavior

Behavior that occurs as a direct response to a specific stimulus, often reflexive or involuntary in nature.

Classical Conditioning

A learning process in which a biologically potent stimulus is paired with a previously neutral stimulus to elicit a conditioned response.

Negative Reinforcement

A behavioral principle where the removal or avoidance of an unpleasant stimulus increases the likelihood of a behavior being repeated.