An Increase in Supply Results in A(n)

question 145

Multiple Choice

An increase in supply results in a(n)

• A) increase in demand
• B) decrease in equilibrium quantity and an increase in equilibrium price
• C) decrease in equilibrium quantity and a decrease in equilibrium price
• D) decrease in equilibrium price and an increase in equilibrium quantity
• E) unfavorable shift in tastes and preferences

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Definitions:

Conditional Reinforcement

The process by which stimuli that are associated with a primary reinforcer also become reinforcers themselves, often through classical conditioning.

Postreinforcement Pause

A pause in responding that commonly occurs after the delivery of a reinforcer under certain schedules of reinforcement, such as a fixed ratio schedule.

FR-5 Schedule

A fixed-ratio schedule of reinforcement where a response is rewarded only after five instances of the behavior.

FR-15 Schedule

A fixed-ratio schedule of reinforcement where a response is reinforced only after it has been produced 15 times.