When the Demand for a Good Increases and the Supply

question 44

Multiple Choice

When the demand for a good increases and the supply of the good remains unchanged, consumer surplus

• A)decreases.
• B)is unchanged.
• C)increases.
• D)may increase, decrease, or remain unchanged.

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Definitions:

Primary Reinforcer

A stimulus that is naturally satisfying or rewarding, like food or water, which does not require learning to be effective.

Fixed-ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, commonly used in behavior analysis.

Variable-ratio

A reinforcement schedule in which a response is reinforced after an unpredictable number of responses, leading to high and steady response rates.

Negative Reinforcer

A stimulus whose removal immediately after a response increases the frequency of that response in the future.