Exhibit 22-9 ​ Refer to Exhibit 22-9. Assume That Demand Increases from D₁

question 185

Multiple Choice

Exhibit 22-9 ​

Refer to Exhibit 22-9. Assume that demand increases from D₁ to D₂; in the new long run equilibrium, price settles at a level between P₁ and P₂ This means that the industry in question is a(n) __________-cost industry.

• A)decreasing
• B)increasing
• C)constant
• D)marginal
• E)low

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Definitions:

Negative Reinforcement

A behavior modification technique where the removal of an undesirable consequence strengthens a particular behavior.

Punishment

The imposition of a penalty or negative consequence in response to an undesired behavior, often used in disciplinary contexts.

Negative Reinforcement

A behavior modification technique that involves the removal of an unpleasant stimulus to increase the likelihood of a behavior being repeated.

Punishment

A method used to reduce the likelihood of a behavior's recurrence by applying an adverse stimulus or removing a positive stimulus following the behavior.