Even If All Individual Demand Curves Are Downwardly Sloped, the Market

question 48

True/False

Even if all individual demand curves are downwardly sloped, the market demand curve may slope upward.

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Definitions:

Contingency Management

A type of behavioral therapy in which certain behaviors are reinforced through rewards or consequences to modify behavior.

Response Generalization

The extension of learned responses to stimuli that are similar but not identical to the conditioned stimulus in operant conditioning.

Punishment by Application

A behavioral psychology term referring to the addition of an undesirable stimulus to decrease a specific behavior.

Negative Reinforcement

A conditioning process where the removal of an unfavorable event or outcome after the display of a behavior increases the likelihood of that behavior being repeated in the future.