For a Price Floor to Be Binding,it Must Be Set

question 110

Multiple Choice

For a price floor to be binding,it must be set

• A)very low.
• B)at the free-market equilibrium price.
• C)below the free-market equilibrium price.
• D)at a level such that there exists some unsatisfied demand.
• E)above the free-market equilibrium price.

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Definitions:

Shaping

A method of teaching new behaviors by rewarding closer and closer approximations to the desired behavior.

Successive Approximations

The process of reinforcing behaviors that are increasingly closer to the target behavior, commonly used in operant conditioning.

Desired Response

The targeted outcome or behavior that a stimulus or intervention aims to elicit.

Generalization

The tendency to respond in the same way to different but similar stimuli, often used in learning theories.