Table 4-9 The Demand Schedule Below Pertains to Sandwiches Demanded Per Week

question 371

Multiple Choice

Table 4-9
The demand schedule below pertains to sandwiches demanded per week.

-Refer to Table 4-9.Suppose Harry,Darby,and Jake are the only demanders of sandwiches.Also suppose x = 2.Then

• A) the slope of Jake's demand curve is -1/2, and the slope of the market demand curve is -5/2.
• B) the slope of Jake's demand curve is -1/2, and the slope of the market demand curve is -2/5.
• C) the slope of Jake's demand curve is -2, and the slope of the market demand curve is -5/2.
• D) the slope of Jake's demand curve is -2, and the slope of the market demand curve is -2/5.

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Definitions:

Reinforcement Schedule

A strategy in behavioral psychology that determines how and when a response will be rewarded to encourage certain behavior.

Socializing Agent

Individuals, groups, or institutions that play a significant role in integrating people into society by teaching social norms, values, and beliefs.

Effectiveness

The degree to which something is successful in producing a desired result; efficiency.

Punishment

A painful or discomforting stimulus that reduces the frequency with which the target behavior occurs.