Demand for a Product Typically _____ as Price _____

question 75

Multiple Choice

Demand for a product typically _____ as price _____.

• A) decreases; increases
• B) decreases; stays the same
• C) stays the same; increases
• D) increases; decreases

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Definitions:

Fixed Ratio Schedules

Fixed ratio schedules in behavioral psychology are a type of reinforcement schedule where a response is reinforced only after a specified number of responses have occurred.

Continuous Reinforcement

Continuous reinforcement is a learning process in which a behavior is rewarded every time it is performed, facilitating rapid learning.

Luck

The force that seems to operate for good or ill in a person's life, as in shaping circumstances, events, or opportunities.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, leading to a high and steady response rate.