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Which Item Below States That Behavior Is a Function of Its

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Which item below states that behavior is a function of its consequences and is determined exclusively by environmental factors, such as external stimuli and other reinforcers?


Definitions:

Perfect Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit consumed that the buyer is willing to pay.

Consumer Surplus

The difference between the potential total payment by consumers for a product or service and the actual total payment they make.

Producer Surplus

The difference between the amount that producers are willing and able to sell a good for and the actual amount they receive.

Price Elasticity

An indicator of the degree to which demand for a product reacts to variations in its price, showing how sensitive the demand for the good is to price alterations.

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