The Elasticity of Supply Equals ________ If the Supply Curve

question 401

Multiple Choice

The elasticity of supply equals ________ if the supply curve is horizontal.

• A) 0
• B) 1
• C) infinity
• D) -1

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Definitions:

Extinction

In psychology, the process by which a previously reinforced response diminishes and eventually disappears when reinforcement is no longer provided.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of no exposure to the conditioned stimulus.

External Inhibition

The decrease in the strength or occurrence of a behavior due to an external stimulus or change in environmental conditions.

Stimulus Discrimination

The ability to distinguish between different stimuli or cues, especially in the context of learning and behavior.