-The Demand and Supply Schedules for Pizza Are in the Table

question 10

Multiple Choice

-The demand and supply schedules for pizza are in the table above.If the government sets a maximum legal price of $2 per slice of pizza,then

• A) there is a shortage of 20 slices of pizza.
• B) this maximum price is an example of a price floor.
• C) this maximum price is an example of a price ceiling.
• D) Both answers A and C are correct.
• E) Both answers B and C are correct.

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Definitions:

Antecedent

An event or occurrence that precedes and influences the behavior, often used in behavior analysis and psychology.

Behaviour Modification

A therapy approach that aims to change undesirable behaviors through the use of positive or negative reinforcement.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Biological Preparedness

A concept in psychology that suggests organisms are innately predisposed to form associations between certain stimuli and responses.