Examlex
Pushing a particular button on the TV remote control is reinforced by gaining the consequence you desire, such as changing channels or muting an obnoxious commercial.This illustrates
Long Lines
Typically a result of excessive demand or insufficient supply, creating a situation where people have to wait for a long time to avail of a service or purchase a product.
Rationing Methods
Techniques used to distribute scarce goods among consumers when demand exceeds supply, such as price increments, waiting lists, or coupons.
Binding Price Ceiling
A government-imposed limit on the price of a good or service that is set below the equilibrium market price, leading to shortages.
Binding Price Ceiling
A price ceiling set below the equilibrium price, leading to a shortage of goods since demand exceeds supply at the set price.
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