Social Prompting Describes a Situation When Sufficient Incentive Is Present

question 7

True/False

Social prompting describes a situation when sufficient incentive is present in the environment to move a behavior up the hierarchy to a point where we choose it from among a number of alternatives.

---

Definitions:

Vertical Sum

A concept typically used in the context of aggregating demand curves, where the quantities at each price level are summed vertically across different consumers or markets.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price within a given time period.

Real Incomes

The amount of goods and services that can be purchased with money income, taking into account the effects of inflation on purchasing power.

Price Falls

This term indicates a decline in the market price of goods or services, which can result from various factors, such as increased supply, reduced demand, or external market shocks.