If Nothing Else Changes, a Rise in the Price of a Good

question 78

Multiple Choice

If nothing else changes, a rise in the price of a good leads to an increase in the quantity supplied of a good.This is known as:

• A)diminishing returns
• B)conservation
• C)the law of supply
• D)the law of demand

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Definitions:

Insight Learning

A form of learning that involves a sudden realization of a problem's solution without trial and error, typically leading to an immediate behavioral change.

Vicarious Learning

Learning that occurs by observing the actions of others and the consequences of those actions, without direct experience.

Positive Reinforcer

A stimulus that, when presented after a behavior, increases the likelihood of that behavior occurring in the future.

Unconditioned Response

A natural, automatic action or feeling that occurs in response to a stimulus without prior learning or conditioning.