TABLE 4-2 -Refer to Table 4-2. Suppose That D₁ and S₁ Are

question 83

Multiple Choice

TABLE 4-2

-Refer to Table 4-2. Suppose that D₁ and S₁ are the prevailing demand and supply curves for a product. What happens in the market if the demand schedule changes from D₁ to D₂?

• A) The equilibrium price decreases from $6 to $4.
• B) The equilibrium quantity increases from 13 to 18.
• C) The equilibrium price increases from $6 to $8.
• D) The equilibrium quantity decreases from 15 to 13.

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Definitions:

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.

Classical Conditioning

A teaching method involving the repeated association of two stimuli; a reaction originally produced by the second stimulus eventually becomes produced by just the first stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a reflexive response without prior conditioning.