The Figure Below Shows the Demand Schedule and Demand Curve

question 13

Multiple Choice

The figure below shows the demand schedule and demand curve for a product produced by a single-price monopolist. FIGURE 10-1
-Refer to Figure 10-1. Suppose this single-price monopolist is initially selling 5 units at $8 each and then reduces the price of the product to $6.

• A) 10; 12; 2
• B) 8; 6; 2
• C) 38; 40; 2
• D) 5; 7; -2
• E) 14; 14; 0

---

Definitions:

Reinforcement

In behavioral psychology, a process by which a behavior is strengthened or increased by following it with a positive stimulus or the removal of a negative one.

Vicarious Learning

A learning process where individuals learn by observing the actions and outcomes of others, rather than through direct experience.

Insight Learning

The process of learning how to solve a problem or do something new by applying what is already known.

Conditioning

A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.