If Price Rises, What Happens to Quantity Supplied of a Product

question 197

Multiple Choice

If price rises, what happens to quantity supplied of a product?

• A) It increases.
• B) It decreases.
• C) It does not change.
• D) Quantity supplied is constant, but supply increases.

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Definitions:

Pavlov

A Russian physiologist known for his work on classical conditioning, demonstrating how stimuli can elicit responses through associative learning.

Partial Reinforcement

A conditioning strategy where a response is only sometimes reinforced, leading to more robust learned behavior.

Behavioral Change

The process by which individuals alter their habits, behaviors, or attitudes, often in response to external pressures or internal motivations.

Misusing Punishment

The improper or counterproductive use of punishment, often leading to negative outcomes or behaviors instead of correcting the undesired behavior.