What Are the Two Major Behavioral Effects of Conducting an Extinction

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What are the two major behavioral effects of conducting an extinction procedure? Provide an example from everyday life to illustrate these effects.

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Definitions:

Revenue Account

An account that tracks the income earned by a business, from sales or other sources, during an accounting period.

Expense Account

An account used to record the consumption of assets, including costs incurred in the operation of a business, contributing to a reduction in equity.

Merchandise Inventory

Goods a company intends to sell to customers, typically in a retail or wholesale setting.

Replacement Price

The current cost of replacing an asset or inventory with a similar item.