If There Is an Increase in Market Demand in a Perfectly

question 210

Multiple Choice

If there is an increase in market demand in a perfectly competitive market, then in the short run

• A)there will be no change in the demand curves faced by individual firms in the market.
• B)the demand curves for firms will shift downward.
• C)the demand curves for firms will become more elastic.
• D)profits will rise.

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Definitions:

Variable-Interval

A reinforcement schedule in which a reward is given after a random duration of time has elapsed following a response.

Fixed-Interval

In this reinforcement strategy, rewards are only allocated for the first response following a specified duration.

Fixed-Ratio

A reinforcement schedule wherein a reward is given after a predetermined number of responses have been made.

Pop Quizzes

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