If the Demand for Used Cars Decreases After the Price

question 96

Multiple Choice

If the demand for used cars decreases after the price of a new car falls,used cars and new cars are

• A) inferior goods.
• B) substitute goods.
• C) complementary goods.
• D) normal goods.
• E) The questions errs because it is the quantity of used cars, NOT the demand for used cars, that will change when the price of a new car falls.

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Definitions:

Punishment

A consequence that decreases the likelihood that a behavior will occur.

Extinction

The diminishing of a conditioned response when the reinforcement or pairing of stimuli is removed.

Generalization

The process by which a response is given in the presence of stimuli that are similar to the stimulus that originally elicited the response.

Fixed-Interval Schedule

A reinforcement schedule where a response is rewarded only after a fixed amount of time has elapsed.