The _______ Is the Only Price Where Quantity Demanded Is

question 21

Multiple Choice

The _______ is the only price where quantity demanded is equal to quantity supplied.

• A) equilibrium price
• B) horizontal axis intercept
• C) vertical axis intercept
• D) market price

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Definitions:

Escape Learning

A form of learning in which an organism learns to perform an action in order to terminate an unpleasant stimulus.

Negative Punishment

A behavior reduction strategy where a favorable stimulus is removed following the undesired behavior.

Avoidance Learning

A process in behavioral psychology where a subject learns to prevent the occurrence of an unpleasant stimulus by performing a particular behavior.

Negative Reinforcement

A behavioral strategy where an aversive stimulus is removed following a desired behavior, increasing the frequency of that behavior.