Once the Demand Curve for a Product or Service Is

question 112

Multiple Choice

Once the demand curve for a product or service is drawn,it

• A)remains stable over time.
• B)can shift either rightward or leftward.
• C)is possible to move along the curve,but the curve will not shift.
• D)tends to become steeper over time.

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Definitions:

Avoidance Learning

is a process by which an individual learns a behavior or response to avoid a noxious or unpleasant situation or stimulus.

Aversive Event

An unpleasant or noxious stimulus that an organism seeks to avoid or escape, often used in aversive conditioning.

Matching Law

A principle stating that the proportion of responses on a particular schedule matches the proportion of reinforcements obtained on that schedule.

Maximizing Law

The principle that organisms will choose behaviors that maximize rewards and minimize penalties under conditions of uncertainty.