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When an Increase in the Price of One Good Lowers

question 97

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When an increase in the price of one good lowers the demand for another good, the two goods are called complements.


Definitions:

Dollar Value

Refers to the worth of an item, product, or service expressed in terms of the amount of money that it can be bought or sold for in the market.

Differential Reinforcement

The process of reinforcing one response from a response class and neglecting to reinforce all other members of that class.

DRO

A behavior modification strategy that involves delivering reinforcement only when a specific undesired behavior has not occurred during a designated period.

DRA

Differential Reinforcement of Alternative behavior, a technique used to encourage positive behaviors while extinguishing undesired ones by reinforcing an alternative action.

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