(Figure: Demand Shift) Which of the Following Factors Would Cause

question 54

Multiple Choice

(Figure: Demand Shift) Which of the following factors would cause the change in the figure? Figure: Demand Shift I. an increase in the price of a complement good II. an increase in production costs III. an increase in the price of a substitute good IV. an increase in income for an inferior good

• A) I and III only
• B) II and IV only
• C) III only
• D) I, II, and III

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Definitions:

Fixed-Ratio

A type of reinforcement schedule in operant conditioning where a response is reinforced only after a specified number of responses have occurred.

Discriminative Stimulus

In behavioral psychology, a stimulus that signals the availability of reinforcement or punishment, guiding the organism's responses.

Reinforcer

Something that increases the likelihood of a behaviour by either presenting a positive stimulus or removing a negative one following the behaviour.

Manager's Office

A designated space or room where a manager or supervisor in a business, institution, or organization conducts their work, including planning, organizing, and leading operations.