The Quantity Supplied of a Good Is

question 292

Multiple Choice

The quantity supplied of a good is

• A) the amount the firm would sell if it faced no resource constraints.
• B) equal to the difference between the quantity available and the quantity desired by all consumers and producers.
• C) the same thing as the quantity demanded at each price.
• D) the amount that the producers are planning to sell at a particular price during a given time period.

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Definitions:

Punishment

An adverse event or outcome that decreases the likelihood of a behavior being repeated in the future.

Operant Conditioning

Learning resulting from the response an organism receives following a behavior.

Negative Reinforcement

A form of conditioning where a response is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Law Of Effect

A principle in psychology that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to be repeated.