The Quantity Supplied of a Good Is

question 282

Multiple Choice

The quantity supplied of a good is

• A) the same thing as the quantity demanded at each price.
• B) the amount that the producers are planning to sell at a particular price during a given time period.
• C) equal to the difference between the quantity available and the quantity desired by all consumers and producers.
• D) the amount the firm would sell if it faced no resource constraints.

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Definitions:

Partial-Reinforcement Extinction Effect

The greater persistence of behavior under partial reinforcement than under continuous reinforcement.

Continuous Reinforcement

A learning process in operant conditioning where a behavior is reinforced each time it occurs, leading to rapid learning.

Primary Reinforcement

A type of reinforcement that is inherently rewarding, such as food or water, which satisfies a biological need.

Law of Effect

A principle of learning that states behaviors followed by positive outcomes are more likely to be repeated, while those followed by negative outcomes are less likely to occur.