Suppose There Is an Increase in the Price of Tractor

question 132

Multiple Choice

Suppose there is an increase in the price of tractor fuel. We would expect:

• A) an increase in equilibrium price and a decrease in equilibrium quantity of farm products exchanged.
• B) a decrease in both equilibrium price and quantity of farm products exchanged.
• C) a decrease in equilibrium price and an increase in equilibrium quantity of farm products exchanged.
• D) an increase in both equilibrium price and quantity of farm products exchanged.

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Definitions:

Weakens

To diminish in strength, effectiveness, or power.

Primary Reinforcement

A stimulus that satisfies a basic biological need and inherently reinforces a behavior, such as food for hunger.

Continuous Reinforcement

A schedule of reinforcement in which every correct response is reinforced, leading to rapid learning but also rapid extinction of the behavior once reinforcement ceases.

Secondary Reinforcement

A process wherein a stimulus reinforces a behavior because it is associated with a primary reinforcer (e.g., praise that becomes rewarding because it is linked to receiving a physical reward).