Suppose That the Price of a Good Is $10 and Quantity

question 3

Multiple Choice

Suppose that the price of a good is $10 and quantity demanded is 50 units. When price decreases to $8, quantity demanded increases to 60 units. What happened to total revenue and what does this indicate?

• A) Total revenue decreased from $500 to $480, indicating that demand is inelastic.
• B) Total revenue decreased from $500 to $480, indicating that demand is elastic.
• C) Total revenue increased from $480 to $500, indicating that demand is inelastic.
• D) Total revenue increased from $480 to $500, indicating that demand is elastic.

Understand different time-out procedures and their application in behavior management.

Analyze the effectiveness and application of response cost techniques in managing student behavior.

Comprehend the concept of punishment and its effects on behavior, including escape, avoidance, and potential side effects.

Identify various phenomena associated with the use of punishment such as punishment contrast, response substitution, and response generalization.

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Definitions:

Lobbying

A process where individuals, groups, or organizations attempt to influence governmental policies, laws, or decisions in their favor.

Public Affairs Professionals

Individuals engaged in managing and influencing public policy and opinion, typically within the context of governments, NGOs, or corporations.

Endorse Candidates

The act of publicly supporting or recommending candidates for political office by individuals or organizations.

PAO Staff

Personnel who work in a Public Affairs Office responsible for communication, media relations, and public relations activities within an organization.