If a Binding Price Ceiling Is in Place and If

question 58

Multiple Choice

If a binding price ceiling is in place and if the demand curve for the product shifts rightward,one consequence would be

• A)the quantity exchanged would increase.
• B)the quantity exchanged would remain constant.
• C)the quantity exchanged would decrease.
• D)an increase in the amount of excess supply.
• E)a decrease in the amount of excess demand.

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Definitions:

Shaping

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

Gradual Approximations

A method in behaviorism where complex behaviors are broken down into simpler, achievable steps for learning purposes.

Complex Response

An intricate or multifaceted reaction to stimuli, often involving multiple cognitive and emotional processes.

Shaping

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