In the _______ Range of Demand, Total Revenue _______ with an Increase

question 16

Multiple Choice

In the _______ range of demand, total revenue _______ with an increase in quantity.

• A) elastic; increases
• B) elastic; does not change
• C) inelastic; increases
• D) inelastic; does not change

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Definitions:

Target Response

A desired behavior or outcome that is identified for reinforcement in order to increase its occurrence, often used in behavior modification techniques.

Reinforcement

Reinforcement is a principle in behavioral psychology where the likelihood of a behavior is increased by following it with a positive stimulus or removing a negative one.

Stimulus Generalization

The tendency for the conditioned response to be evoked not only by the conditioned stimulus but also by stimuli similar to the conditioned stimulus.

Gradual Acquisition

The slow and incremental process of obtaining or developing skills, knowledge, or abilities over time.