If an Increase in the Price of Good X Causes

question 140

Multiple Choice

If an increase in the price of good X causes the demand for good Y to decrease, this indicates that

• A) X and Y are complements.
• B) X and Y are substitutes.
• C) X and Y are unrelated.
• D) the demand for X is elastic, but the demand for Y is inelastic.

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Definitions:

Positive Reinforcement

A process in behavior analysis where a favorable outcome, event, or reward occurs after an action, thereby increasing the likelihood of that action being repeated in the future.

Negative Punishment

A behavior modification technique where reducing or removing a desirable stimulus follows an unwanted behavior to decrease its occurrence.

Positive Punishment

The addition of an unpleasant stimulus in response to a behavior, with the aim of decreasing the likelihood of that behavior happening again.

Internal Locus of Control

The belief that one controls their own destiny and outcomes are a result of personal actions rather than external factors.