If a Product Is a Normal Good,then Its Income Elasticity

question 181

Multiple Choice

If a product is a normal good,then its income elasticity of demand is

• A) zero.
• B) positive.
• C) negative.
• D) indeterminate.
• E) greater than 1.

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Definitions:

Generalization

The process of drawing a broad conclusion based on specific instances, applying a rule or observation to similar situations.

Partial Reinforcement

A learning condition in which only some of the organism’s responses are reinforced.

Stimulus Generalization

The psychological phenomenon where a learned response to a specific stimulus is evoked by similar stimuli, indicating a broadening of the response criterion.

VR 10 Schedule

A type of variable ratio reinforcement schedule used in behavioral psychology where a response is reinforced after an unpredictable number of responses, averaging to ten.